MXR - Maximus Resources
- Thread starter Riesling
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News today on MXR giving out 1 options for every 5 shared held. Ex date is on 31st Jan.
The options are exercisable at 20cents.. We have seen the price reacted a bit today up 8%.
Been on a down trend since OCT 07, not looking too good, anyone holding this still??
The options are exercisable at 20cents.. We have seen the price reacted a bit today up 8%.
Been on a down trend since OCT 07, not looking too good, anyone holding this still??
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I still hold altho this has to be my current worst producing stock..I brought in at an av of 40 cents. I still have hope for this mob with assets like sellheim and bird in hand as well as windimurra they have an excellent chance of making money further down the track.
Altho this and my holdings in DGR are the red thorns in my portfolio I have every confidence that eventually they will turn out profitable
SEMPER UBI SUB UBI
Altho this and my holdings in DGR are the red thorns in my portfolio I have every confidence that eventually they will turn out profitable
SEMPER UBI SUB UBI
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Hi guys,
MXR have just announced a thick gold intersection at its Flag ship Bird-in-Hand gold project,
The hit was 10m's at 15g/t Au, the current JORC there is 42Kt's@12g/t = 162Koz's
This new hit along with lots of other drilling makes the comany confident the next JORC will be around the 250k oz level which is the requirement they set for a stand alone operation,
The hit itself is very significant as it has effectively increased the gold resource by 65% and may even increase the head grade to 13-14g/t Au which is very high given most operations are 2g/t Au
Another thing amazing about MXR is the fact that its cash and listed investments in other companies = 12c ie its NTA = 12c which menas there is very little upside built into this 3 project gold, 1 project uranium and 1 project ferrovanadium company
I see alot of upside and little risk at the 15c level
Cheers
MXR have just announced a thick gold intersection at its Flag ship Bird-in-Hand gold project,
The hit was 10m's at 15g/t Au, the current JORC there is 42Kt's@12g/t = 162Koz's
This new hit along with lots of other drilling makes the comany confident the next JORC will be around the 250k oz level which is the requirement they set for a stand alone operation,
The hit itself is very significant as it has effectively increased the gold resource by 65% and may even increase the head grade to 13-14g/t Au which is very high given most operations are 2g/t Au
Another thing amazing about MXR is the fact that its cash and listed investments in other companies = 12c ie its NTA = 12c which menas there is very little upside built into this 3 project gold, 1 project uranium and 1 project ferrovanadium company
I see alot of upside and little risk at the 15c level
Cheers
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Maximus Resources MD, Mr Kevin Wills, on Boardroom Radio discusses the Adelaide Hills Project intersection of Thick High Grade Gold Lode: http://www.brr.com.au/event/42638
Companies website: http://www.maximusresources.com
Companies website: http://www.maximusresources.com
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With gold nearing $1000/oz MXR will make a killing off its Sellhiem project with a JORC due any day now
If you read the ann's and look at the presentations Sellhiem is an Aluvial gold deposit, this being the case the CAP EX will only be $2m
Thats not a typo, the CAP EX for a stand alone operation at Sellhiem will be $2m
I couldn't believe this figue so I called the company and they explained to me how Alluvial deposits work etc etc
Now thats 1 gold project
The other is bird in hand where as i said the current JORC should increase from 150k oz's - 250k oz's (based on recent drilling) but the important part is the bonaza grade, its 12g/t
These two projects alone make MXR seemed undervalued let alone the other host of projects they have
But here's the best bit
Shares
145m
30m 20c 30/6/08 MXRO options
30 20c 30/6/09 MXROA options
Cash $10m + $8m holding in ERO
As well as this MXR are carried for $18m in exlploration by JV's
Cash + ERO backing @12.5c = $18m NTA
So MXR's NTA is 12c which means that at 15c your paying 3cfor a 3gold 1 uranium 1 ferrovanadium + a host of other projects, 2 of its gold projects are near term producers,
I see alot of upside from these levels and little risk
If you read the ann's and look at the presentations Sellhiem is an Aluvial gold deposit, this being the case the CAP EX will only be $2m
Thats not a typo, the CAP EX for a stand alone operation at Sellhiem will be $2m
I couldn't believe this figue so I called the company and they explained to me how Alluvial deposits work etc etc
Now thats 1 gold project
The other is bird in hand where as i said the current JORC should increase from 150k oz's - 250k oz's (based on recent drilling) but the important part is the bonaza grade, its 12g/t
These two projects alone make MXR seemed undervalued let alone the other host of projects they have
But here's the best bit
Shares
145m
30m 20c 30/6/08 MXRO options
30 20c 30/6/09 MXROA options
Cash $10m + $8m holding in ERO
As well as this MXR are carried for $18m in exlploration by JV's
Cash + ERO backing @12.5c = $18m NTA
So MXR's NTA is 12c which means that at 15c your paying 3cfor a 3gold 1 uranium 1 ferrovanadium + a host of other projects, 2 of its gold projects are near term producers,
I see alot of upside from these levels and little risk
YT that cant be correct. $2millon is nothing. Are you sure. Im going to give the company a call cause if thats true it makes no sense all other gold companys i look at have capex's of $30mn, $40mn or $50m.
How is this one so cheap?
so what exactly are we saying here about this stock young trader? im not exactly clear on what you are saying, im a new trader and have only been in the market for about 8 months now
from my understanding, there is a lot of upside to this stock potentially?
cheers
from my understanding, there is a lot of upside to this stock potentially?
cheers
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Hmmmm Gekko like I said call the company if you don't believe it, its also in one of the MD's audio broadcasts
Perci I'm saying that the company is a definate takeover target by one of the BIG 4, ie either McDonalds, Hungry Jacks, Red Rooster or KFC, there are rumours flying around that it may alos be on Nando's and Subways radar
:
lol mate surely you can see what I'm saying, I mean it was pretty clear
Perci I'm saying that the company is a definate takeover target by one of the BIG 4, ie either McDonalds, Hungry Jacks, Red Rooster or KFC, there are rumours flying around that it may alos be on Nando's and Subways radar
:lol mate surely you can see what I'm saying, I mean it was pretty clear
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MXR
Mkt Structure
Shares
145m
30m 20c 30/6/08 MXRO options
30 20c 30/6/09 MXROA options
Cash $10m + $8m holding in ERO
As well as this MXR are carried for $18m in exlploration by JV's
Cash + ERO backing @12.5c = $18m NTA
Mkt Cap @15c = $22m Current
Target cash + project + asset value of 35c = $50m
Projects
Bird-in-Hand Gold, 100%, South Australia
JORC 421kt's@12g/t Au = 162koz's Au thats very high grade AAR type gold = high profit margins and toll treatable, they are looking at development options
B-I-H is part of a bigger area know as Adelaide hills where MXR have outline multiple prospective deposits, for example Deloraine has had 20g/t Au hits
Recent drilling has indicated that there is much more gold, with the company indicating an new JORC of 200koz's to 250k'oz's
@ $50/oz Au EV current JORC 162koz's = $8m
@ $50/oz Au EV JORC 200-250koz's = $10m-$12.5m
Yandal Gold, 90%, W.A.
JORC 1.1Mt's@1.7g/t Au = 60koz's Au
Somewhat stranded resource and low grade so say EV of $15/oz = $1m
Selllheim Gold, 100%, Qld
No JORC yet, have been waiting for an appropriately qualified Geo to sign off on it given its an "ALLEUVIAL" deposit
Company estimates producing 15k-20k oz's Au p.a. @ $200 AUD oz cash cost, using a $1000 AUD spot = margins of $800oz = $12m - $16m PROFIT p.a.
Now even if they achieve say 1/3rd of this ie $5m Profit p.a. it shos just how much of a cash cow Sellhiem can be and the CAP EX will only be $2m
They expect to be producing by July!
Windimurra Uranium, 100%, W.A.
JORC 19Mt's@0.018% U = 7.5Mlbs U all from surface to 6m's deep, very very shallow!
Now a usual EV would be $10lb U, but given U sentiment and the fact its W.A. I would say $2lb is more appropriate
@ $2 lb EV = $15m
Nardee- Canegrass/Shepards Ferrovandium + titanium, 100%, W.A.
PMA now WVL is operating the Windimurra FerroVandium operation only 20kms away, its JORC is 150Mt's so any additional FerroVandium found by MXR could act as Feeder Ore for WVL's operation or if large enough may make MXR a takeover target JV etc etc
The company's target here is 160Mt's - 200Mt's @ 50%Fe + 12.5% TiO2 + 1.2% V2O5
Such a target if JORC's would be worth $500m + SO THIS IS THE REAL PROJECT TO WATCH
Intial first pass driling (which was cut short due to WVL demanding the rig) hit 5m, 8m and 16m's @ 38%-44%Fe + 0.5%-1.21%V2O5
They expect a JORC here by OCT
JV projects Olympic Dam type IOCG, 25%-50%, S.A.
Bunch of JV's with MEP, ERO, CRJ, NUP, FDL
Summary
- Cash $10m + ERO $8m = $18m = 12.5c
So at 15c your paying 2.5c for the following value
- BIH and Yandal worth $9m on EV = 6c but based on increased JORC now expected could be $11m - $13.5m = 7.5c-9c
- Sellhiem worth at least $10m given production profile = 7c
- Windimurra U worth $15m = 10c based on really low $2lb EV
- Total Asset and porject value = 35c vs current SP 15c
- Narndee offers huge upside given existing operation ie no Cap Ex etc etc
- $18m worth of free carried exploration by JV's on many different projects covering many commodities
Thoughts? Comments?
The Vannadium project looks like the money maker...i agree YT.
Much better grades than WVL, and they have the ability to produce a nice JORC along with some decent grades.
When the gold production gets into full swing, the company should get re-rated. One question, wasn't this put off last year? From my understanding it was to go ahead at the end of last year?
Also YT, do you hold? Or giving your indepth analysis for the good of mankind:
JTLP
Much better grades than WVL, and they have the ability to produce a nice JORC along with some decent grades.
When the gold production gets into full swing, the company should get re-rated. One question, wasn't this put off last year? From my understanding it was to go ahead at the end of last year?
Also YT, do you hold? Or giving your indepth analysis for the good of mankind
:JTLP
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Hi fqzq88 (strange nick btw)
MXR has a very strong geological and technical team and as such completed an internal JORC (by their GEO's) Late last year,
However for certainty the company wants an independent 3rd party Geo to sign off on the JORC as it is an Alluvial gold deposit, now I'm no GEO but from speaking with the company Alluvial gold deposits are very uncommon and as such there are few Geo's qualified enough to sign off on such a JORC, hence the delay,
However every figure I have used for Sellheim is based on company asx ann's, moreover I encourage you to listen to the following Board Room radio presentations where the MD talks about Sellheim at 3.40 the MD says cleary and unequivically that the CAP EX is $1.5m-$2 (So Gekko have a listen mate
http://www.brr.com.au/event/40554
p.s. Yes JTLP I hold, bought some over the last couple week and a bit but the ann earlier in the week re BIH JORC increase and Sellhiem JORC due any day now forced me to act and get my full holding, now I'll sit and wait for the company to be re-rated
MXR has a very strong geological and technical team and as such completed an internal JORC (by their GEO's) Late last year,
However for certainty the company wants an independent 3rd party Geo to sign off on the JORC as it is an Alluvial gold deposit, now I'm no GEO but from speaking with the company Alluvial gold deposits are very uncommon and as such there are few Geo's qualified enough to sign off on such a JORC, hence the delay,
However every figure I have used for Sellheim is based on company asx ann's, moreover I encourage you to listen to the following Board Room radio presentations where the MD talks about Sellheim at 3.40 the MD says cleary and unequivically that the CAP EX is $1.5m-$2 (So Gekko have a listen mate
http://www.brr.com.au/event/40554
p.s. Yes JTLP I hold, bought some over the last couple week and a bit but the ann earlier in the week re BIH JORC increase and Sellhiem JORC due any day now forced me to act and get my full holding, now I'll sit and wait for the company to be re-rated
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Hey Kpas,
Mate give em a call if can, as Sellhiem will be a real re-rating event imo, these mkts are farked but surely with 12.5c of NTA, a U JORC and then 3 GOLD JORCs (2 with a near term production profile) and All the Ferrovanadium grounds around WVL, MXR will be worth more than 15c
Selllheim Gold, 100%, Qld
No JORC yet, have been waiting for an appropriately qualified Geo to sign off on it given its an "ALLEUVIAL" deposit
Company estimates producing 15k-20k oz's Au p.a. @ $200 AUD oz cash cost, using a $1000 AUD spot = margins of $800oz = $12m - $16m PROFIT p.a.
Now even if they achieve say 1/3rd of this ie $5m Profit p.a. it shos just how much of a cash cow Sellhiem can be and the CAP EX will only be $2m
They expect to be producing by July!
Mate give em a call if can, as Sellhiem will be a real re-rating event imo, these mkts are farked but surely with 12.5c of NTA, a U JORC and then 3 GOLD JORCs (2 with a near term production profile) and All the Ferrovanadium grounds around WVL, MXR will be worth more than 15c
Selllheim Gold, 100%, Qld
No JORC yet, have been waiting for an appropriately qualified Geo to sign off on it given its an "ALLEUVIAL" deposit
Company estimates producing 15k-20k oz's Au p.a. @ $200 AUD oz cash cost, using a $1000 AUD spot = margins of $800oz = $12m - $16m PROFIT p.a.
Now even if they achieve say 1/3rd of this ie $5m Profit p.a. it shos just how much of a cash cow Sellhiem can be and the CAP EX will only be $2m
They expect to be producing by July!
I tried to call the company about Sellhiem but got an answering machine, I did listen to the Board Room Presentation and your right YT he does say $1.5m - $2m cap ex. Dont know if this can be correct though, it is so small? I gather the JORC will confirm it. Right????
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lol what more do you want mate?
I mean you heard him say it yourself, $1.5m - $2m cap ex,
Like I said I couldn't understand it either so I called the company, they then explained to me the Alluvial gold deposits are very different in nature in that the gold is contained in very loose soil that need only be dug up and sorted to find the gold, there is little if any in terms of crushing or chemiclas etc etc
The gold is nuggety and gets caught while the loose dirt falls through a sieve like machine, hence the very low Cap Ex and equally low Op Ex, apparantly you only need one person to operate it as well,
Gold is nearing $1000oz so MXR are coming in at the right time if they can get Sellhiem going
lol what more do you want mate?
I mean you heard him say it yourself, $1.5m - $2m cap ex,
Like I said I couldn't understand it either so I called the company, they then explained to me the Alluvial gold deposits are very different in nature in that the gold is contained in very loose soil that need only be dug up and sorted to find the gold, there is little if any in terms of crushing or chemiclas etc etc
The gold is nuggety and gets caught while the loose dirt falls through a sieve like machine, hence the very low Cap Ex and equally low Op Ex, apparantly you only need one person to operate it as well,
Gold is nearing $1000oz so MXR are coming in at the right time if they can get Sellhiem going
The question is are you putting your money where you mouth is????
I am a MXR holder, to be honest I have been somewhat disappointed with the management. They dont seem to have clear strategy nor a company making asset, rather spreading themselves too thin across several prospects..
benwex
PS:MXR is sitting on alot of cash which should be deployed to accelerate projects.
Sean K
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benwax, no one needs to do that here. This forum is about discussion and analysis, not dick comparisons, which are impossible to substantiate over the net without a webcam. It's very easy for members to say 'I've bought 1m of this, or that' with no analysis. Far harder to actually spend some time doing some detailed research and pasting it up for everyone to evaluate and learn from.
(note: If you'd read the past few posts you would have seen that YT has already said that he owns)
