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PUA - Peak Minerals

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Just a 20% discount from the average price last 30 days or so, so not too bad.

I haven't owned DMM for some time, no emotion there, or here.

Odd that they're harping on about that one off gold nugget. As has been proven at Bendigo and Ballarat, nuggets do not make a mine.

Since you know all about this company TB, can you please let us know how they have concluded 4-5m oz au potential? Based on?

Also, please clarrify how they are going to ramp up Hill End to 40-50m oz pa by 2010, when they are currently producing 2k a qtr ramping up to 4k a qtr. :confused:

Also, they are claiming that they will start up Hillgrove at 200mt pa by 2010, with expansion potential to 150k oz au production, when their stated total exploration potential is about 100k au. They don't even have a resource outlined yet! How are they going to start mining in 6 or so months? :confused:

This company has swiss cheese written all over it.
 
Re: HEG-new $2.9m placement

Are you talking about the $2.6m placement on 24th june or the latest $2.9m placement announced today?...tb:D

ha ha its tough being flushed with cash

dyor
 
Re: HEG-new $2.9m placement

tigerboi said:
ha ha its tough being flushed with cash

dyor
Click to expand...

Flush with cash and diluting standard shareholders...

I would like an answer to kennas' questions also, not just 'dyor'
 
Re: HEG-new $2.9m placement

prawn_86 said:
Flush with cash and diluting standard shareholders...

I would like an answer to kennas' questions also, not just 'dyor'
Click to expand...
Yes, and who does a capital raising each month. I suppose we should expect another one in August. :confused:

No answers expected from the questions Prawn. The company probably couldn't even provide them. Could warrant a letter to ASIC I think. If I get time away from doing nothing I might pursue it.
 
Re: HEG-see the presentation 14th may

The investor presentation of 14th of may will set you straight in regards to production increases.

here is part of the presentation

Build resource base and gold production​
Hill End Gold Project – Project potential of 4-5 million ounces
Hill End​
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Project production increasing to ~2,000 tonnes per month at +15g/t gold​

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Development and drilling is extending resources.Project potential expansion to 40 – 50,000 ounces per year during 2010.​

Hargraves​
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Numerous zones of gold mineralisation under old workings in 5km x 10km zone.​

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Big Nugget Hill project potential scope of 10mt at 4g/t in 40m wide structure.​

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First stage production start up planned during 2010 at ~200,000 tonnes per year.​

Expansion potential to 150,000 ounces per year.
 
SOunds to me as though they are doing a Monarch, and just starting mining without actually knowing whats underneath them. We all know how that usually ends...
 
Re: HEG-see the presentation 14th may

tigerboi said:
The investor presentation of 14th of may will set you straight in regards to production increases.

here is part of the presentation
Click to expand...
Good to see you've done your research TB. :confused:

You're just accepting this as fact with no background check?

Have you checked to see how they've come to this conclusion?

Please, this is your baby, show us the figures behind this.

Really looking forward to it.
 
Re: HEG-raised $5.5m about 7% new shares

Weve been through this before when i rang phillip bruce,i dont ring him every time a presentation comes out,i like many take these at face value.if you read the presentation it says potential.

now as for dilution 1st placement i got wrong it wasnt 5% of capital it was about 2%,15.61m of 307m shares to about 322m for $2.65m at 17c

latest is abit over 17m shares at 17c for $2.9m at around 5.25% of capital,

total raised $5.5m
shares from 307m to 339m approx
about 7.19% dilution approx all up about 10%

all within the 15% a year
 
Re: HEG-raised $5.5m about 7% new shares

tigerboi said:
Weve been through this before when i rang phillip bruce,i dont ring him every time a presentation comes out,i like many take these at face value.if you read the presentation it says potential.
Click to expand...
Well, I suggest you DYOR TB! Just like everyone else. Seems there is no foundation for the 4-5m oz au, and 150m oz au pa potential if even you can't substantiate it.

I am eagerly awaiting some justification for the numbers, that you are banking on.

I will be very happy to be corrected that these guys might be able to do better than dragging up 2K oz per quarter and up to 4K, maybe. :confused:
 
I guess time will tell us if this is all just a bit of hot air. Just to address a couple of points, in no particular order at all;

When you are targeting you generally give a target a size and when that target has only one or two holes in it, or even better is conceptual, you can be pretty optimistic with your 'target' size. Any estimated target size must be considered a fictional best-case scenario, especially if you have not been involved directly with the target development process.

The fact that there has been some Chinese investment is all and good but at the moment there is a lot of Chinese $$ floating around. Not sure if they are looking to get their money away from the US$ or what, though from a few reports they are very keen, not very diligent and don't really understand the mining game and processes. That HEG secured some finance is great but it is not necessarily a confirmation of HEG's quality of assets.

The figures that HEG have released so far are inferred resources which are a metal content within a geologically modelled volume. They do not take into account economic factors, the mining method and any associated dilution. Their 'Exploration Potential', even with the disclaimer, is pie in the sky stuff and must be close to the line as far as ASX reporting goes.

From what I gather at the moment they have a gravity based processing plant that can now handle 100 tonnes of ore per day. The first shopping item for these guys is a dinkum gold mill/plant = more capital raising.

There is quite a bit of talk about increasing production to 40-50k oz/year and then to 150k oz/year. This will be tricky for them.
1. they need a new mill.
2. their existing gold is in small individual resources in the Reward area. Small individual mining areas require good planning, a lot of capital development for access and doesn't easily scale up into large production volumes. And if historically the lodes in the field are small it is logical to expect that the ones you will find in the future will be too.
3. I assume most of the 'upside ' is in the Hargraves lodes, which being a series of stacked saddle reefs are exceptionally hard to estimate and model gold content due to their small size, significant small scale variability and uncertainty of lateral continuity. These same factors make mining these types of orebodies extremely difficult. The best case would be if the structures are dense enough to allow a bulk mining operation, though that comes with a longer lead time and greatly increased capital costs.

ok enough dribbling on by me, tb these guys do have potential but IMHO they are talking it up a lot. I find it hard to see how they will deliver on their promises.
 
Re: HEG-HARGRAVES POTENTIAL

plenty of info about hargraves,comments appreciated derty...tb

http://austexploration.com.au/region.html

HARGRAVES REGIONAL SETTING and ECONOMIC POTENTIAL


The north-south, parallel, doubly plunging folds of the Hargraves Gold Field comprise slates, siltstones and litharenites of the Middle Devonian Cunningham Formation, the Early Devonian Merrions "tuff" Formation of rhyolitic and dacitic lavas, tuffs and basal conglomerate and the earlier Devonian Crudine Group which comprises feldspathic and lithic greywackes, slate, tuff and conglomerate. The Merrions Formation is a regional marker for the overall structure of the area. (Refer figures 26 & 27)

The earliest sediments, the Crudine Group sediments outcrop centrally within the Hargraves Gold Field and at their core host the Tuckers Hill greywacke as gold mineralised quartz saddle reefs. To the west and east of Tuckers Hill, respectively, lie the Hampden Hill - Great Western line of gold mineralisation and the Reef Hill, Oakey Creek, Blue Spec line. Both of these gold mineralised anticlinal structures are hosted by the Merrions Tuff Formation and are also associated with the volcanogenic and volcanic rhyolitic and dacitic tuffs and flows of the Merrions Tuff Formation. The Cunningham Formation that is exposed as the anticlinal fold zone of the Big Nugget Hill beds and its hosted mineralisation, Big Nugget Hill, at its most eastern side, extends westwards towards the Stuart Town Gold Field.

Hence the Big Nugget Hill line of gold mineralisation is underlain by the Hampden Hill - Great Western Merrions Tuff Formation and then the Tuckers Hill greywacke of the Crudine Group.

South of Exploration Licence No 5952 the south plunging Big Nugget Hill anticlinal zone continues in outcrop as the Crudine Group sediments flanked by the Merrions Formation and then the Chesleigh Formation appears further south. All of these stratigraphic units contain gold mineralisation which extends to the Hill End Gold Field. To the east of Hargraves the Crudine Group hosts the Windeyer Gold Field mineralisation and to the west the Stuart Town Gold Field is hosted within the younger Cunningham Formation beds, as at Hargraves, (Refer figure 27)

Each of the above three stratigraphic units within Exploration Licence No 5952 is known to host rich gold mineralisation. Accordingly, beneath the main domal structure at Big Nugget Hill, where ore-fluid flows, focus and gold deposition appears to have been maximised, the underlying Merrions Formation and Crudine Group sediments are also highly likely to host gold mineralisation. It is also reasonable to expect that the Crudine Group sediments underlying the Hampden Hill - Great Western anticlinal zone would be mineralised.

In two places within the Big Nugget Hill fold complex, inverse quartz saddles, (the synclinal legs of the quartz reefs) have been found to be economic by early miners. No drilling of the synclinal quartz has been conducted, but it is known that within such fold structures more gold tends to be deposited within the lower pressure saddles of the anticlines and inverse saddles of the synclines rather than in the legs. If this is the case in the Hargraves Gold Field then the following resource deliberations may be as much as doubled.

There is no way to quantify the likely gold resources at depth beneath the currently defined Big Nugget Hill resource. The total currently defined resource plus that reported and unreported as mined previously within the 550 metre zone drilled to date appears to be in the order of 78,300 to 135,000 oz. Assuming extension of the 70 metre thick Big Nugget Hill resource down the north and south plunges for a distance of as little as 200 metres beyond that determined as shown in (Figure 27) an additional 150,000 to 225,000oz. could be expected to lie within 180 to 200 metres of the surface. The Alma Zone, Triamble Road Zone and BNH North Zone would probably add another 75,000 to 125,000oz. to this figure.

As at Bendigo there is likely to be replication of this mineralisation at depth within the Cunningham - Big Nugget Hill beds and, as above, one would expect gold mineralisation within the deeper underlying Merrions Formation and Crudine Group sediments. Geoservices models that even excluding the Hampden Hill - Great Western and Tuckers Hill mineralised zones an at depth gold resource beneath the Big Nugget Hill anticlinal zone of 1,000,000 to 1,500,000 oz. is possible within 800 to 1000 metres of the surface. This postulated resource figure is based on 4,500 metres of the Big Nugget Hill anticlinal complex.

The total known outcropping, gold rich, anticlinal quartz reef configurations determined to date is in excess of 12,000 metres. Only 550 metres at Big Nugget Hill and one vein at Tuckers Hill have been investigated to date.

The Hargraves gold field must be considered to have similar potential to the Bendigo gold field prior to the major mining that has been carried out to a depth of 1,000 metres on that gold field.
 
Re: HEG-HARGRAVES POTENTIAL

tigerboi said:
plenty of info about hargraves,comments appreciated derty...tb

http://austexploration.com.au/region.html
Click to expand...
In VERY SIMPLE TERMS how does that add up to 4-5m oz?

It doesn't.

Simple.

Please add some detail TB.

Love to see it.

Looking for another undervaled gold stock to invest in.

Your lack of analysis of anything other than trye tread wear is tiresome.
 
Re: HEG-TARGETED RESOURCE POTENTIAL

This comes from the website,i dont make the announcements, the company does that, the person to query in regards to targeted resource announcements is mr phillip bruce esquire.

Philip Bruce - Managing Director was Managing Director of Triako Resources Limited, General Manager – Development for Plutonic Resources Limited, CEO of PT BHP Indonesia and a Director of Buka Minerals Limited and Ausmelt Limited.


the target is no different than dmc's
110mt-135mt exploration target DSO
750mt-800mt exploration target NON DSO

[FONT=arial,helvetica,sans-serif]WELCOME TO HILL END GOLD[/FONT]
Hill End Gold Limited (HEG) is a strongly growing junior gold mining company with a clear focus on increasing resources and profitable gold production.

The Hill End Project tenements in New South Wales, Australia cover 1,210 square kilometres including the rich historical Hill End, Hargraves and Windeyer Goldfields, which together were one of the world's richest gold mining areas. Previous underground production averaged up to 10 ounces per tonne and large specimens were mined containing up to 3,000 ounces gold.
The HEG development strategy for the Hill End Project is to increase gold production from the Hawkins Hill - Reward deposit at Hill End and to develop the LARGER Hargraves BNH deposit with a targeted resource potential for the Project of 4–5 million ounces.

Hargraves
The 100% owned Hargraves Project, which is located approximately 35 kilometres to the north of Hill End has numerous prospective zones across a mineralised trend of four kilometres width, which have had little modern exploration. The Hargraves Project has early development targets in the Big Nugget Hill and Tuckers Hill zones, where previous explorers have outlined non-JORC mineralisation of approximately 100,000 ounces to a maximum depth of 70 metres below surface.
The acquisition of the Hargraves Project and the Windeyer Exploration Licences have consolidated three major goldfields in the Hill End area with a previously reported gold production of over two million ounces.
The initial HEG diamond drilling program at BNH totalled 4,082 metres of HQ3 core drilling in 19 holes and outlined a 30 metre wide zone of gold mineralisation to a depth of at least 400 metres with a strike length of about one kilometre. The stratigraphic and structural controls of the mineralisation have now been determined and the target scope of the deposit is approximately 10m tonnes at 4-5g/t. This drilling program along the north end of the known BNH deposit is the first deep drilling on the deposit since its discovery in 1850.
Our focus has been on drilling the BNH anticline which is the predominant mineralised structure at Hargraves. Gold occurs in the BNH deposit as coarse free grains in mainly bedding parallel quartz veins in a shale package on both limbs, and in the hinge, of the tight BNH anticline. Four additional mineralised parallel anticlines similar to the BNH anticline have been mapped across 200 metres width adjacent to the BNH anticline. The veins occur as zones of dense gold–in-quartz veins about 10–20 metres in thickness and about 20–40 metres apart down the BNH anticline. Abundant visible gold has been observed in every vein zone.
Thirteen HEG diamond drill holes have successfully provided information regarding the shape and orientation of the BNH deposit and together with the remaining six holes have provided very encouraging grade information. Five 350 to 400 metre deep holes have identified at least four new zones of vein sets, which do not diminish in grade, mineralisation style or gold abundance to that depth.
Current and previous drilling indicates a strike extent of over 1,000 metres with no indication of decrease in grade, style or abundance of mineralisation at the strike limits of drilling.
The BNH deposit is expected to be a large, moderate grade deposit with a target scope of 10 million tonnes at 4-5g/t.
A scoping study including a process plant of appropriate size and location is currently underway.
Hargraves is the site of Australia’s earliest gold reef mining in 1851, when large pieces of gold in quartz, containing up to 1,546 ounces, were discovered in quartz vein outcrops at Big Nugget Hill. Rich alluvial deposits were also mined in Louisa, Daly and Meroo Creeks and many large nuggets were found, with the largest at 2,680 ounces of gold.
 
(this is about HEG)

Yes, HEG state that.

You are happy with that?

You REALLY believe that?

Please tell me why.

:confused:
 
Re: HEG-Ive spoken to mr bruce personally

yes i am happy & im a true believer because unlike most shareholders ive been to hillend & hargraves many years ago & if i could get a semi down there i wouldve been there recently when i was doing sydney to dubbo,
to see how things are going.

when it says abundant visible gold its no idle ramp,when you go up there take a shovel & turn the ground over its everywhere.true;)

mr bruce has a good record with the big company plutonic & other miners,he reckons theres 4-5m oz up there & ive already asked about some months ago & the impression i got from him (& this is not a ramp) was that he was being mildly conservative in his assessment.

coupled with the fact the elboz's have bought up to 19.9% & now some chinese have tossed in $3m & they dont just give their coin away,im happy to hold onto these,in fact in the next 4 weeks im actually hoping to get a lot between maybe 15c-20c. so i will be backing up not a semi but a b/double.

happy to hang onto & add some more on the dips

im a truck driver not a miner so ask me to reverse a b/double into a finger dock no probs,but vein sets,inclines etc im just an interested observer, if anyone really wants deep deep analysis of HEG you gotta go to the HEG thread on HC,no ramping of HEG on there as theres at least 2 guys over there that know their stuff.

TB:D
 
Re:HEG-reckon thats a break out folks

17c looks like all but a memory now plus some more cash from sino & bada bing 17c to 28.5c reckon thats a break out trendsetters...:D

by the way backed the b/double right up to the max:) next month i got the hegob's...love that potential 5moz...tb
 
Hi Folks

I noticed in HEG there was no posting since August 09 .

This is one of the scrips David H Speculator recommended. The share price never gone up and he has not highlighted this one in his 233% rise success.

Seeing what he did for OBJ and ROL, I made a guess that he will be busy to upgrading his holding for HEG and will make a buy call again in the next bulletin on THursday. This guess was more so, HEG rose higher by mid day and the volume of buy was much larger than the usual days.

HEG technically good so it is not like a typical fly by night scrip either.

I have no science to support my prediction excepting just gut feeling and following the same trend. It is the same gut feeling which tells me to play for 6 numbers to win Lotto and I have never won ;)

DYOR
 
Wow - what a discovery
Im in huge time...major finds from 37m to 370m deep including visible nuggets up to 1.5cm in size....

Do your own research, but WOW
 
condog said:
Wow - what a discovery
Im in huge time...major finds from 37m to 370m deep including visible nuggets up to 1.5cm in size....

Do your own research, but WOW
Click to expand...

Problem with these types of deposits is how sporadic they are. I noticed they didnt quote a g/t figure in the announcement, essentially because its only nuggets which can be found, meaning thye have little or know way of actually figuring out if it will be profitable to mine or not.

(Any geos feel free to correct me if im wrong)
 
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