NRZ - NeuRizer Ltd
- Thread starter Mistermoon
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Re: MTN - Marathon Resources
Hodgkinson: 484t at 2200ppm
Armchair: 680t at 1000ppm
Streitberg: 600t at 1000ppm
Radium Ridge: 1211t at 700ppm
Total: 2975t at 1000ppm
Yes, it is very small compare to Mt Gee. But it is not your armpit either. Here is the summary all the satellite deposits (non JORC)
Hodgkinson: 484t at 2200ppm
Armchair: 680t at 1000ppm
Streitberg: 600t at 1000ppm
Radium Ridge: 1211t at 700ppm
Total: 2975t at 1000ppm
Re: MTN - Marathon Resources
Here is the Heritage listing of MTN... as you can see in 1976 Mt Gee was a Uranium project then in 1982 became a Registered National Estate... The question you need to ask is why do they still allow drilling... Maybe the state plan to release the Mountain for Uranium mining.
Here is the Heritage listing of MTN... as you can see in 1976 Mt Gee was a Uranium project then in 1982 became a Registered National Estate... The question you need to ask is why do they still allow drilling... Maybe the state plan to release the Mountain for Uranium mining.
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Re: MTN - Marathon Resources
Any land with exploration license issued is not a protected reserve or natural reserve, or national park. A registration on a XYZ list does not prevent it from drilling. It is a fact. It has been drilled not just by MTN, last drilling is around 2000 by GDM.
I am pretty sure it would not be prevented from mining if MTN can pass the tough EIA. Let's wait for the Coffey's scope study.
Any land with exploration license issued is not a protected reserve or natural reserve, or national park. A registration on a XYZ list does not prevent it from drilling. It is a fact. It has been drilled not just by MTN, last drilling is around 2000 by GDM.
I am pretty sure it would not be prevented from mining if MTN can pass the tough EIA. Let's wait for the Coffey's scope study.
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Re: MTN - Marathon Resources
Yes, we are small punters, let the professional do their job. Here is a link about what does it mean being on the National Estate List.
http://www.ahc.gov.au/register/furtherinfo/listing.html
I am happy to know it means almost nothing. The land holders can do their business as usual, including exploration, and mining.
Very interesting to know, If I find your home lovely, I can nominate your home as a National Estate, so be nice and careful.
Yep. If that gives a big tick this has the potential to increase very quickly. Why? Coz it will be able to be mined, and the right valuation Ev/lb will be applied. Till then I have no idea
Yes, we are small punters, let the professional do their job. Here is a link about what does it mean being on the National Estate List.
http://www.ahc.gov.au/register/furtherinfo/listing.html
I am happy to know it means almost nothing. The land holders can do their business as usual, including exploration, and mining.
Very interesting to know, If I find your home lovely, I can nominate your home as a National Estate, so be nice and careful.
Re: MTN - Marathon Resources
When I saw the photos and the video there appears to be nothing there. Just hilly areas far from people (Mt. Gee actual mine area). This should beat AGS's returns until the end of the year. Surely AGS can't double, MTN has the potential to double on one tick in scoping study. AGS scoping study tick, JORCS, resource estimates are already priced in.
When I saw the photos and the video there appears to be nothing there. Just hilly areas far from people (Mt. Gee actual mine area). This should beat AGS's returns until the end of the year. Surely AGS can't double, MTN has the potential to double on one tick in scoping study. AGS scoping study tick, JORCS, resource estimates are already priced in.
Re: MTN - Marathon Resources
Yeah I saw A picture of a yellow footed rock wallaby sitting on what was a crush breccia lined with a phosphorus uranium type of crystal (yellow colour)... The wallaby didn't realize it but it was sitting on billions of dollars... Stupid animal
Yeah I saw A picture of a yellow footed rock wallaby sitting on what was a crush breccia lined with a phosphorus uranium type of crystal (yellow colour)... The wallaby didn't realize it but it was sitting on billions of dollars... Stupid animal
Re: MTN - Marathon Resources
It's an underground mine, key word being under the ground so it won't affect anything above the ground. :batman:
Yeah I saw A picture of a yellow footed rock wallaby sitting on what was a crush breccia lined with a phosphorus uranium type of crystal (yellow colour)... The wallaby didn't realize it but it was sitting on billions of dollars... Stupid animal
It's an underground mine, key word being under the ground so it won't affect anything above the ground. :batman:
Sean K
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Re: MTN - Marathon Resources
Halba, I don't agree with this. AGS might be overvalued at the moment depending on the JORC produced. If overall it's under Lonsec's estimate of potentially 120m lbs ish, then it could be smashed. Opposite for larger resource. Point is, we don't really know if it's all factored in yet. It's just speculation really which we must acknowledge. (personally, I am expecting a 'buy the rumour sell the fact' sell off based on previous experience with long anticipated announcement as you would have exp with BMN. Although the scoping study ann didn't do AGS any harm. But again, this is speculation which must be acknowledged) Your comment 'MTN has potential to double' when they ann a scoping study, well....what can I say?
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Re: MTN - Marathon Resources
Halba, you have a good point. If you are majority owner, and an operator, you control you destination, for good or bad.
I would say AGS's situation is not that bad since Quasar Resources is the partner. It seems the SA Premier like it, another positive. Only thing is B4M has to have enough staff to justify the rich valuation.
MTN is not out of favor either. It was mentioned by Premier in the ann as well.
Halba, you have a good point. If you are majority owner, and an operator, you control you destination, for good or bad.
I would say AGS's situation is not that bad since Quasar Resources is the partner. It seems the SA Premier like it, another positive. Only thing is B4M has to have enough staff to justify the rich valuation.
MTN is not out of favor either. It was mentioned by Premier in the ann as well.
Re: MTN - Marathon Resources
Halba the AGS JORC will only be scratching the surface, there will be a lot more exploration upside to come. I think MTN has great potential but in terms of quality I think AGS is one of the very best prospects in Australia, and will be one of the first new producers, certainly far sooner than MTN, if they ever produce.
Halba the AGS JORC will only be scratching the surface, there will be a lot more exploration upside to come. I think MTN has great potential but in terms of quality I think AGS is one of the very best prospects in Australia, and will be one of the first new producers, certainly far sooner than MTN, if they ever produce.
Re: MTN - Marathon Resources
Yes. That was excellent he mentioned it. Showed Mt Gee still on radar. All it needs is one of those bullish ramps from Rann and we're sailing to a more appropriate valuation. 100% owned production of 1000tpa+ potential production is quite good cash flow, but lets see how much AGS's mine can produce(8 weeks time scoping study - if they meet deadline)
Yes. That was excellent he mentioned it. Showed Mt Gee still on radar. All it needs is one of those bullish ramps from Rann and we're sailing to a more appropriate valuation. 100% owned production of 1000tpa+ potential production is quite good cash flow, but lets see how much AGS's mine can produce(8 weeks time scoping study - if they meet deadline)
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Re: MTN - Marathon Resources
The interim scoping report has been received.
Not much contents. But the keywords is the title:
MT Gee Scoping Points to Mining, and Long Term Commitment to Environment...
The interim scoping report has been received.
Not much contents. But the keywords is the title:
MT Gee Scoping Points to Mining, and Long Term Commitment to Environment...
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Re: MTN - Marathon Resources
Try to analysis the purpose of this release. Cannot figure it out. Let's me do a interpretation, maybe wrong.
1. Mt Gee has more resources than published. It is more significant than most people thought. Such phase is used:
"indicated both increased mineralised thickness and higher grades than anticipated;"
"Only scratched the surface"
"Paralana Mineral System has the potential to be one of the great uranium systems in Australia"
2. Mining is possible.
Reinforced its (MTN) view on the mining potential of the Mt Gee..."
"We already have a viable mine"
"Underground mining"
"a tank leach processing plant sited...."
"1000t/yr"
3. Tough EIA process
"One of he great uranium systems in Australia" means back off, greens or so, for state and national interest
"Long term commitment to Environment"
"committed to environmentally sustainable mining.."
"committed to both the environment in the Flinders Ranges..."
4. Cost at high end
"Given the spot price and encouraging uranium grades,..."
"Underground mining...."
"tank leach processing plant...."
Conclusion:
At $100 U3O8 price, project revenue is US$220m year
IGV is US$7b Very significant.
I have a tick based on this report, and don't care what Mr Market is thinking in short term.
Try to analysis the purpose of this release. Cannot figure it out. Let's me do a interpretation, maybe wrong.
1. Mt Gee has more resources than published. It is more significant than most people thought. Such phase is used:
"indicated both increased mineralised thickness and higher grades than anticipated;"
"Only scratched the surface"
"Paralana Mineral System has the potential to be one of the great uranium systems in Australia"
2. Mining is possible.
Reinforced its (MTN) view on the mining potential of the Mt Gee..."
"We already have a viable mine"
"Underground mining"
"a tank leach processing plant sited...."
"1000t/yr"
3. Tough EIA process
"One of he great uranium systems in Australia" means back off, greens or so, for state and national interest
"Long term commitment to Environment"
"committed to environmentally sustainable mining.."
"committed to both the environment in the Flinders Ranges..."
4. Cost at high end
"Given the spot price and encouraging uranium grades,..."
"Underground mining...."
"tank leach processing plant...."
Conclusion:
At $100 U3O8 price, project revenue is US$220m year
IGV is US$7b Very significant.
I have a tick based on this report, and don't care what Mr Market is thinking in short term.
Re: MTN - Marathon Resources
Initially some of you accused me of being a professional and I tried to point out that I wasn't. Perhaps I now support that claim with the question, what the hell is "ann" please? There is certain jargon that I just don't understand and it frustrates me as I have such a significant investment in MTN. Please use the KISS principle, Keep It Simple Stupid.
Guys
Initially some of you accused me of being a professional and I tried to point out that I wasn't. Perhaps I now support that claim with the question, what the hell is "ann" please? There is certain jargon that I just don't understand and it frustrates me as I have such a significant investment in MTN. Please use the KISS principle, Keep It Simple Stupid.
Re: MTN - Marathon Resources
MMMMining
Please explain what you mean by the last 3 lines of your last communication I am confused and please forgive me for my lack of knowledge and understanding of your jargon.
MMMMining
Please explain what you mean by the last 3 lines of your last communication I am confused and please forgive me for my lack of knowledge and understanding of your jargon.