||COM SHS NPV
||EPS - Basic
||Market Cap (m)
Afriore Share Discussion Threads
Showing 1 to 13 of 25 messages
Chat Pages: 1
|Anybody know when this will translate into cash for the shares? Thanks.|
|Agreed kingfast, Premier Research PRG, has risen from 50p float also to 200p+ in less than 2years. Also a very quiet thread.
And with huge potential and a relatively quiet thread, i believe, come next year, South China Resources SCR will be very much in demand( production likely mid 2006 ) Exceptionally high grade molybdenum and increasingly expanding mine resource area being drilling presently)|
|No, the reason being that this is a remarkable stock that has risen from a float price of circa 50p to 380p. Quiet boards or no threads at all are typical of many succesful stocks.|
|Is there anybody here?!|
|email alert from http://www.lemminginvestor.com
i think they are going to cover the company in more deatil.
AfriOre , (shares closed at 225p yesterday, and opened up sharply as we wrote to 239p) registered in Tortola, British Virgin Islands, and capitalised at £121m,after the first 7% mark up on opening of the market this morning, acquires, explores and is developing gold and platinum projects in Africa.
First resource estimates for the Akanani Platinum Project on the Northern Limb of South Africa's Bushveld Complex have been presented today. - prepared by Snowden - Mining Industry Consultants ("Snowden"), an international minerals consultancy group, independent of AfriOre, and is based on the results of 17 diamond drill holes at a nominal 500 x 500 metre ("m") spacing within a 329 hectare ("ha") area.
An initial inferred mineral resource estimate for the Akanani Platinum Project ("Akanani"), in South Africa's Bushveld Complex, of 183.0 Mt at a grade of 4.5 g/t PGM (platinum, palladium, rhodium plus gold (collectively "PGM (4E)"), which equates to 26.4 million ounces of PGMs (4E).
This is by any standards a large and very valuable resource Yesterday < platinum climbed to a record high $1,236.50 at the same time as gold < prices breached $700 for the first time in 25 and a half years
............more later if possible.........
The share price chart below shows 98%/pa growth in a rapid climb during the drilling period, as consecutive results were published almost monthly
All 22 of the holes drilled and assayed on the project area have intersected wide zones of PGM mineralization within the upper zone of the Platreef unit and these latest drilling results confirm the persistence of this zone of mineralization over at least 6,500 metres of strike and up to 1,300 metres, on plan, in a dip direction.
Well-developed mineralization near the upper part of the Platreef unit returned 3.41g/t platinum + palladium + rhodium + gold ('4E')over a down-the-hole interval of 7.43 metres, including a higher grade zone of 3.43 metres at a grade of 5.33g/t 4E
13.90 metres at a grade of 5.91g/t 4E (platinum + palladium + rhodium + gold) including a higher grade zone of 7.00 metres at a grade of 7.27g/t 4E. The positive results for drill holes ZF18 and ZF27 far exceed the minimum exploration target parameters set by AfriOre for the project and confirm the indicated potential of the southern priority area, which was initially recognized in the drilling of the preliminary holes in this area. The broad zone of mineralization, with higher grades towards the upper contact, which was intersected in these drill holes, is consistent with the model developed over the past year for the Platreef throughout the Akanani project. The comparatively high nickel and copper values intersected, particularly in drill hole ZF27, further enhance the potential of this wide zone of mineralization at Q3 results published 13 Jan|
|Quiet here innit? Nothing but good news emerges from this company yet it always gets completely ignored for some reason. Confused.|
|good drilling report,
.....Stuart Comline, Chairman of AfriOre, states "We are delighted that the
initial resource estimate, in this limited part of the project area, of
26.4 million ounces of PGMs at an average grade of 4.5 g/t PGM (4E) and an
average thickness of 16.6 metres, albeit conservative in many respects, far
exceeds our initial exploration objective of delineating 10 million ounces of
PGMs (4E) in mineralized zones of at least 5 metres width, for the entire
project area. We are also pleased that this resource has been delineated at
shallower depths than the original target limit we had initially set. The
project has had a 100% success rate in intersecting Platreef-hosted PGM
mineralization in the holes drilled to date. The inferred mineral resource
justifies the proposed step-out and in-fill drilling program and adds momentum
to our Pre-Feasibility Study......|
bought a few this morning due to their platinum project|
This stock gets no coverage in the UK but, given the Lonmin bid last Friday and given that AFO should be standing at well north of 500p, one is tempted to think that it is time to acquire a bit more at 220p.
These may be a penny or two cheaper in Canada (ticker code is also AFO). However, either way, 200p is a strong buying moment. A double? A treble?
|Going up too quickly!!!
Might be a 35% retrace soon...imo|
|This looks interesting. Worth a small dabble!|
|Check out new article:
Chat Pages: 1