Mariana Resources Forum

My online trade account manager tells me I can trade the sandstorm shares within my ISA on the US main market and any profit is not liable to tax, just an overseas trading fee (just a few pounds per trade). So that looks all ok and nothing to worry about. Will be buying more (like everyone else seems to be last week) and waiting for the updated resource data which should be out in May before the offer hearing in Guernsey.

Broker Northland note on research tree... "Mariana Resources has two major milestones on the horizon at its 30%-owned Hot Maden gold-copper project. The first will be the completion of the updated mineral resource estimate that is expected to see the mineral resource estimate increase beyond the 3moz Au eq. at an ultra-high grade of 11.2g/t Au eq. The second will be the preliminary economic assessment (PEA) that will give us the first impression of the projects economics and metrics."

Northland's note from this morning. "2015 was a transformational year for Mariana Resources with the discovery of the ultra-high grade Hot Maden Gold-Copper project in Turkey. Since the discovery of Hot Maden, Mariana and joint venture partner Lidya have rapidly advanced the project to an initial compliant mineral resource estimate of 3moz Au eq. t a grade of 11.2g/t Au eq. This resource estimate looks set to grow this year with subsequent drill programmes continuing to extend the mineralised zones, and the discovery of the high-grade gold mineralisation to the south." From Research Tree

Heavy position in advance of expected pop from Dona Ines drill results promised by end of May, but will likely stay long most of the position if the move is dramatic.

MARL....ways to win continued: ...buy out; Hot Maden project moves ahead.

MARL..long...several ways to win: Assets and reserves get big time revision from Dona Ines; underlying gold prices rise;

...sorry chopped up: "I believe the Chilean drill results on Dona Ines will make significant contribution to MARL 2P reserves which are not in anybody's pro forma asset values."

ignificant contribution to 2P reserves, which are not in ANYBODY's pro forma calculations on asset values.

Hi Franconia, by no means do I disregard your calculations or due diligence. My own approach to reserve value on Mariana yield somewhat different reserve values but no matter. My main point on MARL as a speculation is that I believe the Chilean drill results on Dona Ines

RE: MARL...I am not a geologist but have reviewed the drill plans and assays on holes HTD 51,52, and 53. My conclusion is that there will a significant revision to the proven and probables held by Mariana in the Hot Maden project. We will not know until June but a 50% increase is likely. Hole 52 proves the extension of the main deposit, and Mariana is drilling an additional hole right know to see if the zone can be extended further downhole. The results will be included in the June revision. Holes 51 and 53 are shaping up to form another zone to the south of the main deposit. They are looking for something big there but haven't found it yet. But the big news that could come this week is from Dona Ines. I am pretty sure the drill results will be awfully good.