SBM - St Barbara Limited

[chicken]

Re: SBM - St. Barbara Mines

I have always admired people of such unshakeable conviction, I certainly hope for all our sakes, that you,Tim Treadgood and Charlie Aitken are right re SBM's bright future.....

The person you are talking about is Mr Tim Treadgold...Journalist/Geologist..Degree in Geology to the Perth University...knows his stuff....I am convinced SBM is going to make the grade...SBM buying more stock of BDG as at 30.5c is under valuation of Company assets....and where BDG has their mine its EDs old hunting ground...just feel sorry for BDG holders as SBM...the great white is bitting of the pieces one by one..before swallowing it...tough game this gold game...but we have got a great this management...all just BUSINESS...and that is what we need in SBM on the helm...a tough team

 

[noirua]

Re: SBM - St. Barbara Mines

Hi Chicken, Is it true that SBM will have increasing problems mining at Gwalia Deeps, due to the depth, that averages 1,200 metres?

 

[chicken]

Re: SBM - St. Barbara Mines

Hi Chicken, Is it true that SBM will have increasing problems mining at Gwalia Deeps, due to the depth, that averages 1,200 metres?

You know and I know that to assume something we have no knowledge about is stupid...all mining presents problems...so what are you on about....SBM have the people who sort out the problems as they arise...so leave it to the experts and not share traders ....capice

 

[noirua]

Re: SBM - St. Barbara Mines

You know and I know that to assume something we have no knowledge about is stupid...all mining presents problems...so what are you on about....SBM have the people who sort out the problems as they arise...so leave it to the experts and not share traders ....capice

So easy to dismiss the future by inferring that all this experience can be brought to the situation and thereby solve it.

It will be 2009/10 before the Gwalia Deeps mine becomes cash positive. Sure, we can expect an upgrade in July this year as promised and we await this with interest. (inferred versus indicative)
The Gwalia Mill is set to process Gwalia Deeps ore and looks set to reduce costs which are predicted by, Mr Ed Eshuys, to be at A$102 per tonne.
Ground support costs have already been outlined as being more costly than originally envisaged, due to the depth, and have been increased.
It will be interesting to see how the cost estimates come out and how they are projected to 2009/10. Afterall, the risk factor and expected gold recovery, set at 77%, are all important and analysts will use this in predicting the future share price of SBM.

Discussions previously, on mining levels, that may increase from 15 metre intervals to 20 metre intervals, or more, at Gwalia Deeps, may increase costs considerably. This has been one cause for concern.

 

[chicken]

Re: SBM - St. Barbara Mines

You know and I know that to assume something we have no knowledge about is stupid...all mining presents problems...so what are you on about....SBM have the people who sort out the problems as they arise...so leave it to the experts and not share traders ....capice

Nourua....worry about it ....I dont, as, read what I said...as your downramping will not change the situation...SBM is or will be Australias NO3 company in Gold production...and BDG will be swallowed by this great white...its sticking out a mile....and BDG 11million ozs of Gold will make SBM into a 20millionOzs of Gold in the ground.....thats the way I see it....

 

[It's Snake Pliskin]

Re: SBM - St. Barbara Mines

Nourua....worry about it ....I dont, as, read what I said...as your downramping will not change the situation...SBM is or will be Australias NO3 company in Gold production...and BDG will be swallowed by this great white...its sticking out a mile....and BDG 11million ozs of Gold will make SBM into a 20millionOzs of Gold in the ground.....thats the way I see it....

Chicken adds new vocabulary to the forum. The polar opposite of the chook.

 

[Sean K]

Re: SBM - St. Barbara Mines

Nourua....worry about it ....I dont, as, read what I said...as your downramping will not change the situation...SBM is or will be Australias NO3 company in Gold production...and BDG will be swallowed by this great white...its sticking out a mile....and BDG 11million ozs of Gold will make SBM into a 20millionOzs of Gold in the ground.....thats the way I see it....

Firstly, the almost 11m oz BDG claimed to have is now highly contentious. That's why they had to stop production and go back to exploring to redo a JORC estimate.

Secondly, SBM do not have anywhere near 9m oz au JORC in their various tenaments.

In the future, SBM may make other discoveries or acquisitions to extend their resource, but claiming 20m at the moment is just plain wrong. I encourage all members to do their own research on the information presented here to ensure you have the facts before making an investment decision. Cheers.

 

[chicken]

Re: SBM - St. Barbara Mines

Chicken adds new vocabulary to the forum. The polar opposite of the chook.

Ja Snake Pliskin...wen du Deutsch verstehen wuerdest dann wuerde ich in Deutsch posten....wenn ich auch fehler mache...verstehen tut ihr es ja...LOLOLOLOLOLOLOLOLOLOLOLOLOL....

 

[Kauri]

Re: SBM - St. Barbara Mines

Discussions previously, on mining levels, that may increase from 15 metre intervals to 20 metre intervals, or more, at Gwalia Deeps, may increase costs considerably. This has been one cause for concern.

Wouldn't putting drives in from the main decline at 20mtr as opposed to 15mtr save money???

 

[noirua]

Re: SBM - St. Barbara Mines

Wouldn't putting drives in from the main decline at 20mtr as opposed to 15mtr save money???

Hi Kauri, You are of course quite right. I thought chicken would pick up the deliberate error and pillary me - it seems he didn't know.

 

[Dr Doom]

Re: SBM - St. Barbara Mines

Mawson West Ltd is pleased to announce a substantial Joint Venture between MWE and St
Barbara Limited (SBM). SBM is farming into the 112km² Golden Mile South Project, located 4km
southeast of the 74Moz Kalgoorlie Super Pit in Western Australia.

Surrounded by +100Moz Au and +4.5Mt Nickel, endowed region

The GMS Project covers approximately 112km² and is located south-east of Kalgoorlie (Figure 1)
which hosts over 80Moz of gold. The north-west boundary of the GMS Project lies approximately
4km from Kalgoorlie Consolidated Gold Mines Ltd (Newmont-Barrick JV) “Super Pit” operation.
The Super Pit is Australia’s largest producing gold mine and produces over 800,000 ounces of
gold per year. The Kalgoorlie region is host to over 100M oz of gold and over 4M tonnes of Nickel
metal– truly one of the premier addresses in the world for mineral endowment.

 

[chicken]

Re: SBM - St. Barbara Mines

Mawson West Ltd is pleased to announce a substantial Joint Venture between MWE and St
Barbara Limited (SBM). SBM is farming into the 112km² Golden Mile South Project, located 4km
southeast of the 74Moz Kalgoorlie Super Pit in Western Australia.

Surrounded by +100Moz Au and +4.5Mt Nickel, endowed region

The GMS Project covers approximately 112km² and is located south-east of Kalgoorlie (Figure 1)
which hosts over 80Moz of gold. The north-west boundary of the GMS Project lies approximately
4km from Kalgoorlie Consolidated Gold Mines Ltd (Newmont-Barrick JV) “Super Pit” operation.
The Super Pit is Australia’s largest producing gold mine and produces over 800,000 ounces of
gold per year. The Kalgoorlie region is host to over 100M oz of gold and over 4M tonnes of Nickel
metal– truly one of the premier addresses in the world for mineral endowment.

Looks as if SBM is finally getting it back together...just when gold is ready to run again...looking good

 

[Sean K]

Re: SBM - St. Barbara Mines

Looks as if SBM is finally getting it back together...just when gold is ready to run again...looking good

Chart wise, doesn't look like it's going anywhere. Been going sideways for 12 months. Testing support line at the moment....dropping through 50 could be untidy now.

Could have put your money in the bank and made 5% instead....Or stocked up on KFC!

I'm a gold bull for some reason, so I suspect this might go ok if POG gets back to all time highs. If not.....

 

[chicken]

Re: SBM - St. Barbara Mines

Kennas...check your Gold chart....and yes you are right GOLD has gone sideways.and its done this 4 times in the last 10 years....but its been brought to my attention that POG is just ready to go again...4th leg up....SBM follows POG and the verdict will be at present the POG...JP MORGAN have taken a substancial position in this stock as JP believes that POG will rise....but even so...going for another Super pit will make this stock very intresting...I believe in Gold as inflation hedge....and being in the 100mozs field will make SBM very attractive for overseas investors...I am still holding...and believe that at present price SBM has an upside potential...just my feeling on this subject....

 

[sam76]

Re: SBM - St. Barbara Mines

10:18:11 0.5200 8,588,557 4,466,049.64 XT

there's something for ya chicken!!

 

[Deadcat]

Re: SBM - St. Barbara Mines

This stock has a lot of volume being traded but the share price doesn't seem to be going anywhere. Glad I sold out for the time being to make money elsewhere. Considering getting back in but difficult decision when no upside to shareprice. Chicken you are a very loyal shareholder.

 

[danc]

Re: SBM - St. Barbara Mines

Good head and shoulder patten as a base has broken through the down shoulder line lots more buyers than sellers around the .55 line. I reckon this is on the verge of running, a close above .58 /.60 would see this away inmyopn,AT LAST.

 

[Sean K]

Re: SBM - St. Barbara Mines

Good head and shoulder patten as a base has broken through the down shoulder line lots more buyers than sellers around the .55 line. I reckon this is on the verge of running, a close above .58 /.60 would see this away inmyopn,AT LAST.

You're talking inverse H&S right? If it is, then I'd have 60 as a target as well but there's lots of resistance there. Once broken through perhaps it's back on the way up again. Until then, sideways....

 

[noirua]

Re: SBM - St. Barbara Mines

You're talking inverse H&S right? If it is, then I'd have 60 as a target as well but there's lots of resistance there. Once broken through perhaps it's back on the way up again. Until then, sideways....

The strong Aussie Dollar will make it difficult for SBM to improve their profitability. I bought the stock at about the present price and feel that a good outcome at Gwalia Deeps is needed.

 

[Uncle Festivus]

Re: SBM - St. Barbara Mines

I'm thinking SBM is near some sort of break-out up or down soon as per the symmetrical triangle as in the weekly chart, with solid buying support recently.