Active Risk Share Discussion Threads

[sportsauto] 03/10/2002 18:25

lol!!!!

ugly is too mild for arizona looks

[the pink pound] 03/10/2002 18:25

hello nadz!

[the pink pound] 03/10/2002 18:20

You are most welcome to drop in if you are passing - your not the one boning my wife are you (I thought my kid was rather ugly!!!!lol)

[the pink pound] 03/10/2002 18:18

£$("""£&!!!!! I can guess how you got that info!

[neo anderson] 03/10/2002 18:17

Surely there are better places that your sort can cottage than here Pink..

Try Baker Street tube.....the only station where you can change from the pink to the brown..

heartstopper works in the toilets as a rent boy there, making his crack money.etc..

[arizona] 03/10/2002 18:17

I`ve been told West Park Drive is rather nice. We`re looking for another bungalow away from the industrial haze.

[the pink pound] 03/10/2002 18:10

We are far too posh for you Ari!!!lol. Any particular property in mind????Please do divulge the addresses

[arizona] 03/10/2002 18:08

I`m afraid I`ll be in Darrington checking some country property.

[the pink pound] 03/10/2002 18:02

Arizona, which prison r u in again?

[clerman] 03/10/2002 17:38

Sporting

Good afternoon

[the pink pound] 03/10/2002 17:17

I suppose you could substitute coffee for "ride", and discuss share tips with "shoot me muck"

[indalo] 03/10/2002 16:47

Going on a "cruise" pinkie?

There are chat rooms set up for people like you!

Like your code though..."coffee"..."tips"...very inventive..lol

[the pink pound] 03/10/2002 16:09

Hi arizona,

I'll be in Middlesbrough on Monday next week.

Can I pop in for a coffee and possibly discuss share tips??

If the wife goes out, we could also wade through your huge stash of niff mags as well.

[energyi] 30/8/2002 18:44

PRESENTATION NOTES:
French Guiana Assets of Hope Bay Gold - May 2002

(1)
Summary
- All properties located in NE French Guiana
- Property package over 300 square kilometers
. known resources, gold-bearing structure and deposit identified
- Own whole belt
- Circa 1.9 million ounces in resources
- 11 other prospects/ exploration projects

(2)
Summary, continued...
- Camp Caiman feasibility witin 12 months
- Hope Bay business model
. developement projects with huge exploration upside
- Unequalled financial packages for development (Pons law)
- Separate vehicle from Hope Bay Gold: Ariane Gold Corp.

(3)
French Guian Summary
- Located NE South America
- Politically part of France (Domtar)
- Guiana Shield geology
. host to several large gold deposits
- Tropical rain forest environment
- Good services
- Excellent financial packages available for development

(4)
Guiana Shield - Simplified Geology
(map showing mine loactions:
Las Christinas: 8.0 mn oz.
Omai......: 3.6 mn oz.
Gross Rosebel: 2.1 mn oz.
Yaou-Dorlin..: 1.0 mn oz.
Camp Caiman.: 2.1 mn oz.

(5)
Property Summary
- Camp Caiman (acquired from Asarco - Feb.2002)
- 11 other permits along 40 km of strike
- HGC own the whole belt
- Same geological setting as Caiman
- 2 areas of former production
- Good infrastructure

(6)
Permits in NE French Guiana
(map showing locations of permits near Regina):
Camp Caiman permits,
Cogema permits (optioned to CBJ in 2000, and in 1998)
Tortue permits,
Mataroni permits,
Cipanama, Trois Pitons Ouest, Trois Pitons

(7)
HGC Permits
(map showing rock types and gold mineralisation at Belizon,
and near Doyle/ Ste. Marie)

(8)
Property History
- Camp Caiman acquired from Asarco - Feb.2002
- US $14mn spent ion exploartion by previous owners
- Pre-Asarco: BRGM
- Other properties acquired from Cogema and Cambior
- Previous owners BRGM
- US $9mn spent on these properties
- Changement and Ste-Marie produced 65,000 oz.

(9)
Camp Caiman - Geology and Resources
- Greenstone hosted, structurally controlled orebodies, relating to
. folding, porphyries, and stratigraphic controls
- Two orebodies - Scout and c-88
- Orebodies are both saprolite (oxide) and hard rock (suplphide)
- Over 20,000 metres of RC and 39,000 metres of diamond drilling
- Resources calculated by polygonal X sections at 0.5g/t & 1.0g/t cutoffs

(10)
Camp Caiman - Resources
Cut-off:... Indicated Resorces Inferred Resources
........... Tonnes Grade Gold. Tonnes Grade Gold.
........... ...... ..... 000's ...... ..... 000's
(0.5 g/t).. ...... ..... oz.s. ...... ..... oz.s.
Saprolite... 3,644. 2.74 321.5. 6,478. 1.74 363.4
Rock........ 4,562. 3.42 501.4. 9,032. 2.35 683.7
Total....... 8,206. 3.12 822.9 15,510. 2.10 1047.
...
(1.0 g/t).. ...... ..... oz.s. ...... ..... oz.s.
Saprolite... 3,040. 3.13 306.2. 4,793. 2.08 320.5
Rock........ 4,368. 3.53 496.3. 7,838. 2.59 652.1
Total....... 7,408. 3.37 802.5 12,631. 2.40 972.6

(11)
Camp Caiman - Development Work
- Asarco did advanced scoping study on Caiman
- Envisaged mining oxides and sulphides
- Sulphides are refractory - probably not economic at current gold price
- Further metallurgical work required on sulphides
- AGC will concentrate on oxides initially
. Sulphide development at later date
- All environmental work already completed by Asarco

(12)
Camp Caiman - Potential
- AGC believes that there is significant potential to increase both oxide
. and sulphide potential at Caiman
- Strike extensions of both Scout and C-88 zones
- Only ~20% of BRGM soil anomoly in permit area has benn tested
- Similar geology to Scout and C-88 zones within permit area untested
. repeats highly likely
- In-fill drilling in both Scout and C-88 should increase resources

(13)
Camp Caiman - C-88 and Scout Zones
(map showing the two zones, and areas where similar may exist)

(14)
Camp Caiman - HGC Program
- In-fill drilling of existing zone to ioncrease resources (oxides) and
. bring resources to mineable reserves
- Test for extensions of existing orebodies:
:- C-88 to southeast along fold hinge
:- Scout zone to east and west - old workings to west
- Test other BRGM soil anomolies in permit area
- Test other structural equivalents of Scout zone in permit area
- Complete feasibility study on oxide resources

(15)
Camp Caiman - Development Plan
- In-fill and extension drilling on existing resources- target: 1 million oz.
- Permit exploration
- Estimated time: 6-8 months
- Budget: US$3 million
- Feasibility - early 2003
- Find additional oxide resources on other projects
. Changement and Ste-Marie can truck to Caiman

(16)
Other Permits
- SE French Guiana between Cayenne and Regina
- Good infrastructure- on main RN2 highway, with most prospects within
. 500m of road. Power line runs alongside properties.
- Permits cover area of 284 sq.km, along ~40km of strike
- Same geological setting as Camp Caiman
- Good availability of services - own camp + Cayenne & Regina
- 11 documnented gold prospects - 3 areas of old workings

(17)
HGC Permits
(Map showing locations of the other permits)

(18)
Permits - Details
- Contains a number of old workings and anomloies - not fully tested
- Changement - 32,000 oz. in 300m long x 30m deep pit,
. shear zone known to extend for 1.2 km
- Ste-Marie - 10,000 oz in quartz veins, several other mineralised zones
. to be tested
- Filon Dron - shear zone - Cogema 4-6 g/t over 6 m width for several
. hundred metres
- Carrefour Belizon - 500m long structure 4.4 g/t in deep augering at
. 100x25m spcaing - Asaarco say "Caiman lookalike"

(19)
Changement
(cross-section map of orebody: ore from surface, saprolite limit, etc)

(20)
Changement
(second map: from surface, showing N/S extension of mineralisation)

(21)
Ste-Marie
(cross-section map: showing potential open pit on hilltop)

(22)
Ste-Marie
(second map: from surface, showing loation within permit: slice missing?)

(23)
Other Permits
Gold in three settings:
1. Stratiform gold in conglomerate/debris flow
2. Vein gold - sub horizontal quartz tuormoline sulphide veins
3. Shear hosted gold in Paramaca?orapu contact

(24)
French Guiana - Financial Incentives & Development Financing
- French Guiana has unequalled incentives for development
- 10-yaer tax holiday
- Pons law financing:
:- Essentially laese of capital
:- Reduces capital cost to ~60% of total - spread over 5 years
- Fuel tax exemption
- EEC grant?

(25)
Camp Caiman Acquisition
- Acquired by HGC via purchase of Asarco Guyane Francaise
- Purchase price total US$16.44 million:
:- US$3 mn. on closing
:- US$3 mn. on 1st anniversary
:- US$2.17 mn. on 2nd anniversary
:- US$ 4.14 mn. on 4th anniversary
:- US $4.14 mn. on commnecement of commercial production
- HGC believes last two payments are effectively capital cost

(26)
Ariane Gold Structure
- Ariane IPO by way of:
:- a) Dividend to HGC shareholders: 1 for 100
:- b) Rights to HGC shareholders: 1 for 10
- Special Warrants issue - C$ 15 million (/0.70= 21.42 million shares)
- Special Warrant to satisfy French authorities of financial capability
- Prospectus after Special Warrant closing also used to TSE list Ariane

(27)
Ariane Dividend and Rights
- HGC shareholders will receive:
:- 1 sdhare in Ariane for every 100 shares in HGC
:- Right to purchase 1 share in Ariane for every 10 shares in HGC@C$0.70
- Special Warrant at C$0.70: Maximum 70 day hold from closing
. Compnay can extend to further 30 days by paying penalty of 1/2 warrant
. at C$1.00

(28)
Ariane Structure Post Financing
- Dividend creates 1.5 million shares
- Special Warrant creates 21.43 million shares
- Rights take-up, if:
:- 50 % : 7.50 million shares
:- 75 % :11.25 million shares
:- 100% :15.00 million shares
- On 100% take-up:
:- Shares outstanding: 29.43 Million
:- Cash Held......: C$ 25.5 Million

(29)
Camp Caiman - Potential Economics
- Oxide only: Caiman: 830,000 oz (2.7 g/t)
. ........... Other : 270,000 oz (4.0 g/t)
- Capital cost. : US $35 million
- Operating cost: US$165-175/oz. (incl. Pons payments)
- Production: 115,000 oz./year @ 4,000 tpd
- NPV: 5.0% : US$ 64 million, incl. acquisition cost
:- . : 7.5% : US$ 50 million
:- . : 10 % : US$ 38 million

(30)
Ariane Gold Upside Potential
- Shares undervalued based on current oxide potential
- Advance project thriugh feasibility
- Exploration success on oxides
- Success on sulphide development
- Exploration success on sulphides
- Exploration success on other permits
- Shortage of high quality development plays on market

[energyi] 11/8/2002 19:49

Symbol: AGCWF Ariane Gold Corporation Special Wt (Canada)
Source:

[brasseye114] 11/8/2002 19:48

Cheers E.
Best stop.The other bottle calling us.Its a classic!
Shall do some sifting 2morrow(Sorry for trendy tomorrow :-) )

[energyi] 11/8/2002 19:40

Brass,
This company (Ariane Gold) is an IPO out of Hope Bay Gold.
IMO it could be a 3-4 bagger inside one year.

I bought a block of stock and want to follow it closely.
It is not public yet, and so there is limited info availble.
I am planning to collect it here and provide a forum for shareholders
to discuss its prospects.

Enjoy the wine.

[brasseye114] 11/8/2002 19:37

Keener still.