Franconia
15 Sep 2016
Re: Precious Metals Summit, Colorado Interesting that the PEA is now "October" not late September-early October as previously stated. Surely some drill results before that???
MALBRAD
15 Sep 2016
Drill results Whilst I agree that the PEA is likely to have a strong positive effect on the share price I am surprised by the long delay in announcing more drilling results. We know that a large drilling programme is underway and that it was suspended for a couple of weeks in July to comply with a presumably religious festival of some sort but 7-8 weeks has passed since then. Has anybody hear anything about the resumption of the drilling programme?
Franconia
14 Sep 2016
Re: Time to load up for PEA on Hot Maden PB - completely agree - it is only a question of HOW much the market recognises the asset. It HAS to get much closer to any potential sale value after the PEA. NOW is the time to make money from an 'irrational' market IMO.
Pharma Brown
14 Sep 2016
Time to load up for PEA on Hot Maden For the moment, any other news is a bonus. MARL is expecting an independently commissioned Preliminary Economic Assessment on its 30% holding in Hot Maden, due end of September or first half of October, which will be based upon the recent updated Resource Estimate. With already in excess of 1.25 million ounces of gold to MARL mostly at super-high grade approaching one troy ounce of gold in every ton of ore, and with only 20m of overburden to be cleared before initial open-pit mining can commence, this is super-world-class! Many gold producers have larger resources, but at much lower grades, and have struggled to make good profits when gold dropped below US$1100/oz. The PEA is emphatically about cost of production per ounce of gold, anticipated revenue from sale of gold, and profit. The simple maths is that if it takes X$ to crush the ore and extract gold from a resource at 3 grammes per ton and you are just profitable, then it will cost about the same X$ to process the same quantity of ore at 30 grammes per ton but you end up with 10 times as much gold to sell, and the further 9 ounces will be total profit! We can expect to see super-low cost-per-ounce figures here, and those figures should blow this stock out of the water. The current market cap of around #70 million bears no relationship to the potential profit on 1.25 million ounces of gold at super-low cost-per-ounce figures. Do not for a moment imagine that major partner and operator Lydia will be the only player interested in taking MARL's share of Hot Maden! There is megabucks to be made here by whoever buys this asset. Ask yourself why MARL have independently commissioned this PEA, and not merely awaited the JV-funded Developmental Economic Appraisal expected net year. It is possible that MARL's share may be sold before even that stage is reached.
dicfromrugby
12 Sep 2016
hik fran so far a one horse race
dicfromrugby
08 Sep 2016
tsex any one checked tsx tonight because aau ask has just jumped 5% after i posted .read relevant post
Franconia
06 Sep 2016
Re: New drill results/ Director Buys/ PEA FTP,I dont think you will have a cleaning bill! There is a thread on LSE with similar predictions and I certainly see 90p being reached post PEA.Not long to find out.
Franconia
06 Sep 2016
Re: consolidation CORRECTION: I think you are betting me that MARL will **"NOT"** outperform AAU by 5/4/17. If so, I will take you up on the challenge on the basis that MARL is 55p and AAU is 1.75p Whoever has the greatest percentage increase at close on the last trading day of the current tax year is the winner and the WINNER choses a charity for the loser to make a £10 donation to. If you dont like the terms, fine, your choice.
Fowlertheprowler
06 Sep 2016
New drill results/ Director Buys/ PEA Probably in that order over the next 6-8 weeks, so plenty to underpin the share price and even move it to a new range. Share price currently back at top of recent trading range in readiness for next news which I expect Mon/ Tues next week or very shortly thereafter as drill updates are now due. Eric Roth was on the record about wanting to buy back in (I posted link a few weeks ago) and he's not the type of person to just say that and not carry through, so I expect a buy in from him before the PEA. PEA I suspect will be late rather than early October as they will want to include as much of the new results as possible within the assessment. Of course, none of us can predict the share price, but I'm going to go out on a limb and suggest we will just about be nearer the Nortland target of 104p then our current share price of 57p by the end of October ie above the mid point of 81p. If I have egg on my face end of October, I'll happily clean it up or eat it if poached! 81.5p end of October NM
dicfromrugby
06 Sep 2016
Re: consolidation fran i as the skull is saying i am saying that aau will out perform marl by end of tax year .but if you want a wager with me lets make it worth while, £50 .i will check for your answer to morrow.i have other fish to fry today
THE SKULL
06 Sep 2016
Re: consolidation I think Dfr is betting AAU will outperform MARL.
Franconia
05 Sep 2016
Re: consolidation Dic, tbh I am struggling to understand all of your post but I think you are betting me that MARL will outperform AAU by 5/4/17. If so, I will take you up on the challenge on the basis that MARL is 55p and AAU is 1.75p Whoever has the greatest percentage increase at close on the last trading day of the current tax year is the winner and the WINNER choses a charity for the loser to make a £10 donation to.
dicfromrugby
04 Sep 2016
Re: consolidation hi fran when will you be a producer aau will be producing this year if you take out the consolidation that put you at 5.5p .i will have a wager with you that on that bases ariana will be out performing you by the tax year end 5 April..in me cups as the bard would say .but unlike some i know i am not referring to you but k smith Leicester ltd. i never welch on a wager.
dicfromrugby
04 Sep 2016
Re: consolidation hi fran when will you be a producer aau will be producing this year if you take out the consolidation that put you at 5.5p .i will have a wager with you that on that bases ariana will be out performing you by the tax year end 5 April..in me cups as the bard would say .but unlike some i know i am not referring to but k smith Leicester ltd. i never welch on a wager.
