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NRZ - NeuRizer Ltd

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Re: MTN - Marathon Resources

doubt $10 for this

SMM has i reckon 150-200mil pounds on their tenements, and that also about $3-4/EV a lb concurrently. SMM has lower operating costs, not on a heritage listed property, open cut mine, and also higher forecast output rates etc etc.
 
Re: MTN - Marathon Resources

smm hs beattie to contend with. I put this fact down as their biggest risk.

Don't forget even though the federal party may have a change in heart re: the 3 mines policy. This change does not automatically come into effect in each of the states.

State and Federal politics is a dirty game.

Lot's of positives and negatives on both SMM and MTN atm. The mc is one of MTN strengths as it allows for plenty of ST and LT growth.
 
Re: MTN - Marathon Resources


How many shares does SMM have on offer though? I'm not sure. Thats something to look in to also.
 
Re: MTN - Marathon Resources


Beattie has said in many interviews that whatever the party decides in April at the conference ... the QLD Gov will follow suit. Here is a couple of quotes from the man himself ...

PETER BEATTIE: I don't want to do anything that's going to undermine the coal industry, but the future of uranium's in the hands of the national ALP conference.

REPORTER: Will the national ALP conference stand in the way of Queensland benefiting from a uranium bonanza?

PETER BEATTIE: Let me assure you, nothing involving the Labor Party or anyone else will stand in the way of Queensland's advancement or development. ...abc.net
 
Re: MTN - Marathon Resources

IMO Mr Beattie will claim all decisions that are favourable and play teflon man (nothing sticks) with anything potentially damaging to the party or himself. He has a long history of playing the media.

The fact that he is saying that the nuclear decision is out of his hands is a strong pointer towards it getting a go ahead.

The coal miners are major contributors and he wont want to risk their ire so he will be want to be seen as towing the federal line. The less he involves himself the more likely the outcome to be a positve one for the U308 companies. After all he is not going to stand still if he can maximise some gain. We are not seeing him beating his chest and denouncing U308 and supporting alternatives such as coal (clean or otherwise or CSM gas.

All just my opinion bases on what most Qlders see on a regular basis.
 
Re: MTN - Marathon Resources

imho st and lt growth mean nothing when a company can;'t produce. your money is okay in a bubble, but when people realise these things can't produce then whats the point?????

i don't see MTN producing in time, and its production(1000t) won't be meaningful when it does start to produce

The environmental approval process for MTN (as it is in a sensitive area) is going to be complex. Look at terramin on how it was handled, and that was a small mine.
 
Re: MTN - Marathon Resources


LOL and have a look at Terramin's share price in 1 year from now. I think it will be a lot higher than it is currently. I'm sure that MTN will expand its resources also in other locations however I beleive that there is more to it already than just Mt Gee. They also have Tennants at Wild Dog that will be explored. MTN is only 1 of very few that is in the process of conducting a pre feasablity study in a mining friendly state which is SA. MTN will be a producer one day. Mt Gee alone has 59 Million Tonnes @ 0.062% which is the equivilent of 80 million pounds U3O8 so I guess if 80 million pounds does nothing for you then there's not much else out there thats better at this stage IMO.

Best regards

Champ
 
Re: MTN - Marathon Resources

champ2003 said:
How many shares does SMM have on offer though? I'm not sure. Thats something to look in to also.
Click to expand...

Halba if you would like to compare SMM with MTN here is something else to consider.

SMM has approx 197 Million shares on offer, MTN has only 43 Million which is about 4.5 times less. That makes MTN's share price dirt cheap as a comparison also.

Cheers!

Champ
 
Re: MTN - Marathon Resources

Some people said MTN has property on Heritage List, and Environmental sensitive area. It sounds like "THE SUSTAINABLE ENERGY and ANTI-URANIUM SERVICE INC.", the anti-nuclear people.

For whoever bring these issue again, I appreciate they do the following things:

1. Provide detail information on which part or the whole MT Gee (EL3258) is on the Heritage List, and from which year?

2. Provide detail information on which part or the whole Mt Gee (EL3258) Area is environment sensitive? When SA govt declare it?

We just cannot keep reproduce the hearsays, bring up the facts.

Thanks.
 
Re: MTN - Marathon Resources

I prefer MTN over SMM.
MTN has a much lower Market capitailisation compared to t/u308. Probably makes it a more attractive take over target - possibly from a Chinese company like Sinosteel who like PNN in SA. I would have gone for MTN but anyway.
MTN growth rate has been far greater. MTN 200% increase in last 3 months, SMM 45% -
MTN-(SA) has Mike Rann who is very supportive of the SA Uranium Industry. Policy change should be less risk.
 
Re: MTN - Marathon Resources

In addition to Mt Gee's 31,255t U3O8, there are resource estimates done by Exoil as follow: (MTN's ann on 2 Aug 2005)

Hodgkinson: 484t at 2200ppm
Armchair: 680t at 1000ppm
Streitberg: 600t at 1000ppm
Radium Ridge: 1211t at 700ppm
Total: 2975t at 1000ppm

MTN does not even mention this afterwards. They are all within 12km radius, and a good size deposits with further exploration upside that most uranium junior hopefuls are dying for.

Why?

If Mt Gee deposit is not real, I guess MTN will jump up and down about those smaller deposits.
 
Re: MTN - Marathon Resources


That sounds good Mmmmining however you need to increase MT gee's Inferred resources to 45.5 Million Tonnes of Uranium mineralisation averaging .068% u3o8 or 69 million pounds of contained u3o8. (AS stated in the latest Mt Gee update dated 9th Jan 2007).

Best regards

Champ
 
Re: MTN - Marathon Resources


Sorry, I might confused you guys. All tonnage is contained U3O8, not minerals.
So in addition to 31255t U3O8 at Mt Gee, they have additional 2975t (6.54m lb) U3O8 at nearby deposits.

Also they have some more at Mt Painter East at lower grade (considered "very high" for some other juniors) although the have a few high grade drilling, and a small high grade ore body at 3300ppm. It is estimated that 10mt ore at 300ppm for another 3000t (6.6m lb) contained U3O8! (from MTN's ann dated on Aug 2, 2005)

Also the Mt Painter has not been mentioned. I guess it will be a natural extension from Mt Gee deposit after more drilling at east side of Mt Gee.

I strongly recommended for MTN lovers and MTN doubters read the Aug 2, 2005 ann. I believe the whole MTN story begun from there.

If you cannot find it, please PM me. I will email you one.
 
Re: MTN - Marathon Resources


Hi Mmmmining,

No offence but I think that you are a little confused about the Inferred resource at Mt Gee. Its not 31255t. Please refer to the link below to see the latest results. Forget 2005 results as thats well and truly outdated now.

This is the exact wording in the latest document with the link below:-

The Mt Gee deposit, with its Inferred Resource of 45.5 million tonnes of uranium
mineralisation averaging 0.068% U3O8, or 69 million pounds of contained U3O8, is one of
Australia’s largest undeveloped uranium deposits.


http://imagesignal.comsec.com.au/asxdata/20070109/pdf/00683884.pdf

Best regards

Champ
 
Re: MTN - Marathon Resources


Hi Champ

45.5 million t of mineralised ore at 0.068% u3o8 = 30,940t u3o8
30,940t u308 = just over 68 million pounds of contained u308 (68,068,000)

45.5 million t is the total mineralised area Marathon have to process to get 30,940t of contained u308.

cheers
 
Re: MTN - Marathon Resources


Hi Spooly,

Thanks for clarifying that. It appears that it was actually me that had it mixed up LOL.

Anyway at the end of the day 68 million pounds sounds good to me.

Best regards

Champ
 
Re: MTN - Marathon Resources

Cahmp and Spooly,

I guess we are talking about the same thing. I quoted directly from the latest qtr report, 31,255t U3O8, which is exactly the same as 45.5Mt ore x 0.068% if you consider MTN ignore the last two digits of the grade which is: 0.06845%, whatever it is. Anyway, the resource number is just a base for further upgrade. That is what the drilling job for.

My purpose here is

1. To point out that in addition to 31,255t contained U3O8 JORC resources in Mt Gee deposit only, there are additional 6,000t (or 13m lb) contained U3O8 non JORC resources in various grade around Mt Gee. It represent near 20% more resources.

2. From another angle to prove the Mt Gee is real. 6,000t (13m lb) Contained U3O8 means a lot to dozens of uranium juniors, but MTN not even bother to mention it recently. It proves that Mt Gee deposit is big enough that they can focus on, and we can trust for.

To have the additional resources in mind will increase my confidence to hold MTN, or buy more.
 
Re: MTN - Marathon Resources


Thanks Mmmmmining,

I agree. It makes good sense.

Cheers

Champ
 
Re: MTN - Marathon Resources

champ2003 said:
Hi Spooly,

Thanks for clarifying that. It appears that it was actually me that had it mixed up LOL.

Anyway at the end of the day 68 million pounds sounds good to me.

Best regards

Champ
Click to expand...

Yep, and I dont think you're alone either! 68 mil sounds good to a lot of others aswell
 
Re: MTN - Marathon Resources

Wow this thing is just free falling... down 37 cents... where's support I can't tell... There really doesn't seem to be any

But it looks like the day traders are already selling up with their 2000 shares each.... good
 
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