Australian (ASX) Stock Market Forum

MXR - Maximus Resources

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JTLP said:
Hi Guys,

Reading back through some of the old posts, I couldn't help but notice that MXR has a CAPEX for Sellheim of $2m...Is that true :confused:

SORRY Couldn't resist. :D:D:D



:cool:
Click to expand...

Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr, don't start that again, lol

But seriously though I came across a great video posted on another forum which shows just how simple alluvial gold mining is check it out,

Once you watch it you really understand why its so cheap and easy

http://www.extrac-tec.com/pages/downloads.htm

There's 2 units, 1 is small the other medium



p.s. Smurfette I'm pretty sure a dividend is out of the question, instead the funds get used to pay for the exploration and development of other projects such as the Narndee FerroVandium (ie like YML did with Rose Dam profits)
 
Thanks to all who have contributed to this thread. A special mention to YT for your research and sharing of it on the forum. I have been on board for a few weeks now and am excited about the future of MXR and the upcoming announcement but also their other projects in the pipeline.
Buyers appear to be building fast at present leading up to the announcement. Total market depth is showing an approx ratio of 2:1 buying volume to selling volume. Looking closer at the top 5 levels, buying volume (~1.9M) outstrips selling volume (~0.25M) by more than 7:1. If this announcement is as good as others are predicting we could see the SP really get a kick along!
Bring it on ...... :D ...... good luck all!
 
Great film YT,

Now I see how simple the mining process is. No leaching in arsenic like other gold mines that may have environmental implications and no chance of a disaster like at Beaconsfeild. If only all mining was like this.

Smurfette:)
 
One of the risks involved in this type of extraction is theft of nuggets, but MXR are awareof this problem and have factored this into their equations. I was told that if the envisaged theft pecentage didnt occur well it will be cream on top of a very rich formula


SEMPER UBI SUB UBI
 
End of the month and no JORC... was getting all excited this week too...

would have even settled for a trading halt this arvo ..but nothing

I seem to be attracted to comanies with poor skills in keeping their shareholders informed .... I hold GDN and AAR as well.


SEMPER UBI SUB UBI
 
Hey Sting,

Let the anticipation build I say!
It looks like NY will be in the green overnight and Japan is having a great day so hopefully Monday will be good for us and maybe there will be an announcement next week. A couple of green days would be awesome!

I have to say after the last few weeks of doom and gloom it is so nice to have a couple of holdings that are heading in the right direction; someone cut all our communications with the USA and let's carry on our merry way!;)
 
YT,

I am glad you like the Video.

However, the main download that attracted my attention in the first place is the HPC-200s. Its near the bottom of the Downloads and only 6Mgb.

There you will see the Yukon - Anderson Creek is of similar size and ounces to the Sellheim Project.


http://www.extrac-tec.com/pages/downloads.htm

Download the Canada - Yukon one.
only 6 megabytes near the bottom of the Downloads.
------------------------------------------------------------
Video showing dual configuration of Generation-1 model of HPC-200s in operation at Anderson Creek placer gold mine - Yukon, Canada
------------------------------------------------------------

Extremely clever technology for alluvials.

They will also be chasing the Bedrock at Sellheim.

Cheers markcoinoz ;)
 
Hi Sting,
I can imagine that it takes quite an effort to compile a JORC. So just give em some time. And in regard of all the feedback you and YT received by the company it couldn't possibly last long anymore. Monday will be the last day of this month so they could very well release it on that day and finish their report over the weekend. A Trading Halt would be greatly appreciated.
Anyway, the shareprice going up prior the announcement is a good sign and also allows MXR to get rid of those silly ppl who are urgent to cash in at those prices. Any resistance sub-20c should be washed away once we get the JORC into our hands.

Have a nice weekend.
Cheers
 
herbert said:
Hi Sting,
Monday will be the last day of this month so they could very well release it on that day and finish their report over the weekend. A Trading Halt would be greatly appreciated.

Anyway, the shareprice going up prior the announcement is a good sign and also allows MXR to get rid of those silly ppl who are urgent to cash in at those prices. Any resistance sub-20c should be washed away once we get the JORC into our hands.

Have a nice weekend.
Cheers
Click to expand...

Hey Herbert I completely forgot that Monday was the last day of the month, so releasing the ann Monday will still be within the company's guidance ie after Easter but before the end of the month

Well like I said earlier I was told its ready and larger than they expected so I can't wait!!!! :)
 
Just got of the phone with richard wilson from maximus. Asked him when we could expect JORC for sellhiem and he said it looks like it should be this week.
When I asked why it is taking so long, he reply was that I shouldnt be worried as there wasnt to be any negative news from the ann. I guess we must sit and wait. An ann should be this week so I guess a little MORE patience is in order. Sounds like it will be positive.
 
Release the announcement already!! :banghead: is anyone else getting frustrated?

But I will agree, the anticipation is strong with this one.

You can just see them going for the groin again with a capital raising instead of the JORC :p:
 
Snakey said:
Just got of the phone with richard wilson from maximus. Asked him when we could expect JORC for sellhiem and he said it looks like it should be this week.
When I asked why it is taking so long, he reply was that I shouldnt be worried as there wasnt to be any negative news from the ann. I guess we must sit and wait. An ann should be this week so I guess a little MORE patience is in order. Sounds like it will be positive.
Click to expand...

Does anyone else find it rediculous that he can say

a) its positive
b) larger then expected

over the phone, but they won't release the announcement to the public.
 
I think if you read snakey post that richard wilson only said that the announcement wont be negative. which can mean many things.
Possibly all it means is it will be slightly more then what they already know is there.
That news is still not negative. we have only decide that his comments mean that the news is Positive in our eyes and that it is larger then expected.
 
Hey Kpas,

As I said to you earlier I doubt the chap I spoke to was trying to ramp the project to me when he indicated it was larger than they expected, rather was trying to justify the delay and explain the delay,

I agree they could just release an ann saying the same thing,

Also we have no idea what they first expected, I'm guess it was 5-6x original production estimates which were 15k - 20k p.a. so maybe original estimates were 5x 15k - 6x 20k = 75k - 120k oz's Au

I agree the delays are frustrating,

p.s. Markcoinoz thanks for pointing out the larger operational vid, I didn't see that,

It all looks so simple, who wants to chip in with me for the smallest "shovel fed" machine and go tresspass on someones grounds like RMS or BDG and see what we can get? :p:
 
YT you live in Melbourne??? Let's roll ;)

I read on a not so reliable forum that the results would be out later this week...can anyone confirm or deny this?

On this other said forum YT you are a God. Your word is considered higher than a brokers :D:D:D
 
Just had a read through the last quarterly again.

Just a couple of things.

1) The announcement will be a Jorc Inferred Resource.
2) It will be an audited initial estimate.
3) Three areas within ML 10328 - Jack's Patch - Boulder Run
- Golden Triangle
4) Water Source sufficient to support a mine 15k-20k ozs per year plus future Alluvial Mining.

June Quarter is when they continue the Bedrock Gold in the Testpits.

I for one doubt that it will be a large Initial Resource.
150k ozs and i will be stoked.

The point is, if you have a look at the very small area that we are talking about and its really only scraping the edges. Its a starter, but its only small in the grand scheme of things. They got some of the Big Nuggets in the Bedrock. That i believe is where they are really aiming for in the long term.

Remember, they are paying an extra $1.5mln for the entire area. The Sellheim could be many times bigger than the initial Jorc. Its a longterm play.

I doubt very much they will be aiming for more than 10-15k ozs poer year. At present they have a small dam.

Obviously, it is not going to be able to support a full blown Gold Mine production without further drilling for more water.
That is also why they have undertaken the water drilling.

Down the track they might be looking at 30k ozs per/yr.
However, unless they can support that type of mining, it won't happen straight away imho.

The type of nuggets that they have already tested from the test pits are fantastic.

The 13th November Report highlighted .3grms per loose cubic mtr average. Some Nuggets have reached 36grms per/LCM.

Therefore, this is going to be a very significant milestone for Maximus going forward.

Remember, its the long term stayers that count.

As well, Kevin Wills is speaking at the Paydirt Gold Conference on Wednesday at 2.45pm

Cheers markcoinoz:)
 
JTLP I am but a mere mortal who has a 50:50 chance of being right or wrong :p:

Marko, I'm with you mate, anything over 150koz's will blow me away, as with $ 200/oz costs

NPV = $1000 -$200 x 150,000 = $120m = 80c

Even discounted by a half for production problems still would yield an NPV of 40c

Add this to the existing NTA of 13c and well you can see why I like MXR so much, the suspense is killing me

p.s. How'd we get onto the topic of groins :confused:
 
Lets leave groins alone hey....

ive been out in the feild the last couple of days an come home wif crotch rot :mad:

those who have served will know what i mean lol

"Dont wait up for the shrimp boat ma,..... I'm coming home wif the crabs


SEMPER UBI SUB UBI ..... Maybe I should have heeded this saying
 
sting said:
Lets leave groins alone hey....

ive been out in the feild the last couple of days an come home wif crotch rot :mad:

those who have served will know what i mean lol
Click to expand...
From Medical Corps, I've heard of it, but we shower every day. :p:

Not sure how that effects MXR though? :)
 

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