NRZ - NeuRizer Ltd

Re: MTN - Marathon Resources

exgeo said:

The poster who mentioned that the grades are higher than 4-mile well is comparing apples and pears. 4 mile/Beverly will be an ISL (In-situ-leach) mine in all probability. This means they only have to drill some wells and inject an acid solution which dissolves out the uranium. A central collection well then extracts the uranium solution. MTN's deposit is hard-rock (haematite breccia) and needs to be physically dug up, necessitating an open pit or underground mine, depending on depth. Obviously this costs more.

Click to expand...

Excellent, thanks for this info, I've always wondered the difference in the type of deposit, but too lazy to investigate it further. Some investor!

So that's why AGS's deposit has been rated so highly, even before a JORC?

Re: MTN - Marathon Resources

Thanks exgeo for sharing your knowledge...

Re: MTN - Marathon Resources

exgeo said:

1/ Marathon's resource model up to date looks pretty conservative to me. It seems like they've excluded some large areas of former drilling from the resource calculation because the drilling density was not great enough to include this area, despite indications of mineralisation. This is one of the aims of the current drilling.

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Also MT Gee, the current JORC resources area is only one of the deposit. (the white area in on the map) There are small deposits at Armchair, Streitberg, Radium Ridge, Mt Painter, EastPainter, and Hodgkinson in Paralana Mineral System. For example, the drilling results for Hodgkinson does not lead to any resources estimate.

Re: MTN - Marathon Resources

Thanks exgeo. Very informative post. You and YT are my idols!

Cheers to exgeo & YT. :bier:

Re: MTN - Marathon Resources

Greetings from Germany!

Currently I am holding 15 different uranium stocks.

But Marathon will be the star in 2007.

A 10-bagger.

JORC and in-situ?

70 mio. lbs?

A reasonable marketcap of about 1,5 billion.

Just wait some month.

Re: MTN - Marathon Resources

panem said:

Greetings from Germany!

Currently I am holding 15 different uranium stocks.

But Marathon will be the star in 2007.

A 10-bagger.

JORC and in-situ?

70 mio. lbs?

A reasonable marketcap of about 1,5 billion.

Just wait some month.

Click to expand...

From what we've seen in the U threads, MTN seems to be a little undervalued to me. I'm not sure about $1.5b as a market cap..... Need further analysis to make that seem plausible........


(not holding)

Re: MTN - Marathon Resources

kennas said:

From what we've seen in the U threads, MTN seems to be a little undervalued to me. I'm not sure about $1.5b as a market cap..... Need further analysis to make that seem plausible........


(not holding)

Click to expand...

Yes - these are the words by far East Capital Research on Marathon -BEFORE- the recent update....

But even 700 Mio. would be a tenbagger...

Compare the resources to UrAsia or Summit - by quality AND lbs...

I could give you some links, if needed.

Re: MTN - Marathon Resources

panem said:

Yes - these are the words by far East Capital Research on Marathon -BEFORE- the recent update....

But even 700 Mio. would be a tenbagger...

Compare the resources to UrAsia or Summit - by quality AND lbs...

I could give you some links, if needed.

Click to expand...

Thanks Panem, A lot of analysis has already gone into MTN throughout the thread, but with the number of posts it sometimes get lost. If you have some information handy that would help others make a trading decision, would be much appreciated. Cheers.

Re: MTN - Marathon Resources

It is quite easy to evaluate:

These are the new results as they came thru the official ASX news:

PARALANA MINERAL SYSTEM
SIGNIFICANT INTERCEPTS FROM DRILLING AT MT GEE
UPDATE OF CURRENT RESOURCE DRILLING
Marathon Resources is pleased to announce that recent drilling at Mt Gee has intersected significant
uranium mineralisation in the western part of the deposit. The Mt Gee deposit is part of the11-12 km
NE extending uranium-rich Paralana Mineral System within Marathon's 100% owned EL 3258
(Figure 1).

Downhole gamma logging results from RC06MN22 and another 12 gamma logged holes of the Mt
Gee drilling program (see Summary of Intercepts in the table below) demonstrate the presence of high
grade mineralisation and significant thickness of intersections, including:

RC06MN17:
98 to 128m:
30m @ 0.08% eU
3
O
8
Including
98 to 104m:
6m @ 0.15% eU
3
O
8
114 to 118m:
4m @ 0.22% eU
3
O
8
RC06MN21:
171 to 188m:
17m @ 0.07% e U
3
O
8
Including
171 to 179m:
8m @ 0.11% eU
3
O
8
RC06MN22:
153 to 230m:
77m @ 0.12% eU
3
O
8
Including
174 to 185m:
11m @ 0.16% eU
3
O
8
204 to 208m:
4m @ 0.19% eU
3
O
8
RC06MN25:
113 to 182m:
69m @ 0.07% eU
3
O
8
Including
117 to 182m:
5m @ 0.14% eU
3
O
8

It should be emphasised that these results are preliminary and the gamma logging will be
confirmed by geochemical analysis. The gamma tool used in the logging program was
calibrated at the Adelaide Model test pits prior to the commencement of logging.

Analysis of the new drilling data demonstrates that increased thickness and high grade zones
are focused approximately 150 m north-west of the area identified by Exoil, CRA (Rio Tinto)
and Goldstream Resources in their exploration drilling programs in the past (Figure 2). Results
of those programs yielded the chemical analyses indicated below:
Exoil MG101:
169.2 to 210.3m
41.1m @ 0.16% U
3
O
8
CRA DD91GE33:
234.0 to 281.1m
47.1m @ 0.16% U
3
O
8
Goldstream PD99GE03:
148.0 to 196.0m
48.0m @ 0.17% U
3
O
8
The new Marathon's drill hole intersections suggest a much larger extent of high grade and very
thick mineralisation along the north-west trend, as previously interpreted based on historical
drilling results, and the results are consistent with the Company's exploration and resource model
of the deposit.
The purpose of the current drilling is to upgrade the resource definition of the Mt Gee deposit from
inferred to indicated and/or measured category. During the period 17.11 - 18.12.2006, the first 18
drill holes, all located in the western part of the deposit, for about 3,500 m RC drilling of the 93


The Mt Gee deposit, with its Inferred Resource of 45.5 million tonnes of uranium
mineralisation averaging 0.068% U

, or 69 million pounds of contained U

, is one of
Australia's largest undeveloped uranium deposits.

As noted in the Company's ASX Release of 19 December 2006, the current drilling program at
Mt Gee was suspended on 18 December 2006 for the Christmas break with 18 holes
completed. Drilling recommenced on 4 January 2007.

Re: MTN - Marathon Resources

Next step:

Consider this very carefully:

(even with grades only HALF of the recent results)

http://members.iinet.net.au/~bartle/Picture 8.png

Re: MTN - Marathon Resources

Now listen to the analysis from Far East Capital ltd (no linking allowed, but google for the latest analysis from december 2006) on the whole uranium sector and most of the Australien u-stocks:

http://www.fareastcapital.com.au/research.asp?catID=67


Grigor was quite unsure how to deal with Marathon and emphezising Acclaim and Monaro caused by the higher grades.

But IF the newest results will lead into a JORC - and that I will put at 85%- than the way up to much higher stockprices should be clear.

Spoken VERY conservative...

Even at 0,08 and 40 mio.lbs it would be a great value.

Re: MTN - Marathon Resources

panem said:

Now listen to the analysis from Far East Capital ltd (no linking allowed, but google for the latest analysis from december 2006) on the whole uranium sector and most of the Australien u-stocks:

http://www.fareastcapital.com.au/research.asp?catID=67


Grigor was quite unsure how to deal with Marathon and emphezising Acclaim and Monaro caused by the higher grades.

But IF the newest results will lead into a JORC - and that I will put at 85%- than the way up to much higher stockprices should be clear.

Spoken VERY conservative...

Even at 0,08 and 40 mio.lbs it would be a great value.

Click to expand...

Great Sources of info I wonder what they'd say about MTN since they've now put out some results and have hit 2.22 at one stage...

Re: MTN - Marathon Resources

panem said:

Greetings from Germany!

Currently I am holding 15 different uranium stocks.

But Marathon will be the star in 2007.

A 10-bagger.

JORC and in-situ?

70 mio. lbs?

A reasonable marketcap of about 1,5 billion.

Just wait some month.

Click to expand...

If only it were true!

Re: MTN - Marathon Resources

insider said:

If only it were true!

Click to expand...

Just wait.

Marathon is very weak at PR.

Look at Ditem Exploration for ex. : The CEO is making a tour across Europe (it is an ex-minister from Canada) granting information about Ditem searching for uranium at the athabasca basin.


In other words: They are grass-root, worth 10 mio bucks but they go on tour.

I know, nearly NOBODY in Europe knows that Marathon exists - and those who know doesn't know the grades or lbs they have.

THAT is the problem.

Kisses,

panem

Re: MTN - Marathon Resources

panem said:

Just wait.

Marathon is very weak at PR.

panem

Click to expand...

It is true. They did very little on PR. I believe it is a good thing for investors. The management is using the money wisely.

Re: MTN - Marathon Resources

Yes, indeed.


Look at the homepage...


Compare it to Wildhorse or ESO Uranium...


OK: In the end it is the lbs. that matter.

But anyway: At least the NAME should be known.

Re: MTN - Marathon Resources

Does anyone have any idea what really happend with MTN great ann? As said before a week earlier it could of gone to $2.40. Chart looks like a little down trend but hasn't broken it's long term line, some support seems to have built. but how long can this dream run continue. I'm out @ $1.96 as i feel urainium is comming to a close.... can't loose $$$ taking profits... Any thoughts?

Re: MTN - Marathon Resources

Pat said:

Does anyone have any idea what really happend with MTN great ann? As said before a week earlier it could of gone to $2.40. Chart looks like a little down trend but hasn't broken it's long term line, some support seems to have built. but how long can this dream run continue. I'm out @ $1.96 as i feel urainium is comming to a close.... can't loose $$$ taking profits... Any thoughts?

Click to expand...

Oversold on stochastics, RSI still well above 50, and the MACD is negative...doesn't paint a picture to me. If you look at the summaries of all the U stocks though, this still seems undervalued in Market Cap/Lbs U3O8.

I thought that ann was excellent also....

(not holding)

Re: MTN - Marathon Resources

I got in very late according to past posts. But having read that Talbot and CAL were buying in, I decided to go with the flow. Bought at $1.09 and still made a tidy profit.

Re: MTN - Marathon Resources

trueblue said:

I got in very late according to past posts. But having read that Talbot and CAL were buying in, I decided to go with the flow. Bought at $1.09 and still made a tidy profit.

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$1.09 is a good price. I added some more at $1.60 after the newly appointed director spend $200,000 on it at $1.44. I will buy more if I have some spare money. It is still the cheapest comparing with other uranium stocks on EV/lb resources basis.