Anglo Asian Mining Share Discussion Threads

[bleepy] 04/11/2016 09:26

Thanks Slavy.

5ml x 18.3(present silver price) = $91.5ml

Those estimates are for Ugur's recent discovery note.

Ongoing drilling to 10 times the depth, very exciting times indeed.

Not forgetting Ugur south and Bittibulag.

[jbe81] 04/11/2016 09:26

I don't think so, with such large daily volumes and a buyer in the back ground can't see there being any supply once the traders have gone

[bsg] 04/11/2016 09:23

No idea, that's why I don't do it. But this looks like it could be doing this for a while.

[jbe81] 04/11/2016 09:17

bsg can you make more trading around the level of the resistance than the premium you will need to pay to buy them back? WAS up 3p on cerca 100k buys this am.

[slavy] 04/11/2016 09:14

Bleepy

RE post 5445.
I broadly agree with those numbers

I get slightly higher recoverable gold oz probably due to using 2650kg/m3 specific gravity (as per AAZ RNS 29.10.10).

Lets not forget about the silver too
(I make it approx 5Moz recoverable)

[bsg] 04/11/2016 09:08

Resistance wins again, if I new what I was doing I would sell at resistance and buy back lower or after it's broken through resistance.

[slavy] 04/11/2016 09:08

Homebrewruss – RE Bittibulag

From the Interims 12.09.16

“648 samples were taken and which are currently being prepared for assaying. A total of 56 metres of trenches were excavated and mapped from which 60 samples were taken. On the basis of the positive results it is planned to carry out historical adit rehabilitation, diamond drilling and metallurgical test work drilling in H2 2016”

I think the drilling and test results will be released soon

[homebrewruss] 04/11/2016 08:57

Re bittibulag I have some notes from last night saying drill program is currently being assessed and results should come out soon. I may have that wrong however and am not as familiar with the prospects as some of the others.
Does anyone else recall?

Edit I think jbravos info is more detailed than mine

[jbe81] 04/11/2016 08:56

My thoughts are they will focus on the stuff closest to the plant

[jbravo2] 04/11/2016 08:55

I kind of covered it before zhockey. It looks good but it's 6km. Stephen stressed he's looking at things in a logical order for development as well as just to prove up resources. If we go to Ugur and Ugur south first, and who knows perhaps haul the ore via cable to Gedabek that would help later link to Bittibulag as Ugur is half the distance there.

[zhockey] 04/11/2016 08:50

They seem to have gone a bit quiet on Bittibulag, that could mean two things IMO, either they have deprioritised as Ugur is better or something big is brewing there and they're building the model.

Any mention of it last night?

[jbravo2] 04/11/2016 08:48

It was only John who talked of the possibility. Stephen was very much of the opinion the drilling for Ugur and Gadir would happen next year

[bleepy] 04/11/2016 08:45

Oh yes, thanks zhockey, with Ugur south and Bittibulag, let's get a few of the Russian crews drilling throughout the winter.

[jbe81] 04/11/2016 08:42

As I said Stephen is seriously excited by his work

[zhockey] 04/11/2016 08:39

And that is just Ugur. What about Ugur South and Bittibulag? :)

[bleepy] 04/11/2016 08:37

Thanks guys for feedback.

From the initial Ugur drill results @ 34mtr depth...

Using averages, the average gold grade for holes drilled is 1.47g/t.

1.2mt x 1.47g/t = 1.76m ounces.

1.76mozs x 0.87(recovery) = 1.54m ounces


With mineralisation noted below this depth they are now drilling to a depth of 300mtrs to 400mtrs.
That's 10 times the volume drilled in the note of discovery.
Apart from further oxide and maybe sulphide ore, could there be another Gadir high grade at depth.
Just doing the maths it could be huge and their still only scratching the surface of their Gedabek prospects.

[jbe81] 04/11/2016 08:26

I see AAZ as almost impossible to trade now, could move significantly at anytime, day to day share price wouldn't worry me.

[blueball] 04/11/2016 08:25

Started well today.

[jbe81] 04/11/2016 08:22

A couple of points I took from last night. Stephen is seriously excited by his work, he will make a massive difference to the company. I can' remember the phase he used for when we could expect a resource upgrade in the presentation, it was along the lines of in the near future, he was very coy on this afterwards, my feeling is it is pretty much done and will be very soon. As Jbravo has alluded to it is next years drilling which will be really exciting. Stephen has a real focus on delivering shareholder value.
Re Ordubad, Stephen has visited the area, there is existing Soviet work there and he thinks there is potential for shareholder value but at least 2 years away IMO. Gedabek will be keeping them busy.(what I overheard)
I got the impression AAZ wont be switching to a 50/50 gold/copper split, and there is potential for 100,000+pa of gold, although maybe not next year.
I didn't get a chance to talk to Bill.
John Monhemius didn't seem to know who was buying.

[homebrewruss] 04/11/2016 08:21

On gedabek he did mention they might be able to prove up more copper as previous testing had focused on gold

[jeanesy] 04/11/2016 08:17

Thanks jbravo for your posts and for taking the time to enlighten us all !

[homebrewruss] 04/11/2016 08:09

Great write up jbravo. I didn't get a chance to speak directly to the speakers but have some info on Ordubad.

There are 13-15 zones of mineralisation. Previous exploration not focused enough so Stephen wants to focus on 5 of these next year and compare with soviet era results. Would then look to mov this forward in the year after.
He seemed very excited by the prospect but said geopolitical situation needed considering with it's border location.

[andrewsr] 04/11/2016 08:03

jbravo2, thanks for your notes. I wasn't there by the way, it must have been another 'andrewsr'.

[crazycoops] 04/11/2016 07:26

Thanks jbravo, much appreciated.

[jbravo2] 04/11/2016 07:01

Hi Thomas, yes, I didn't ask about it but half heard a question from andrewsr on it as I walked over to Stephen. It all sounded very promising but probably two years off rather than next year.
I'll let andrewsr fill in details, it would be rude to steal his thunder!



It was nice to see the contrast vs the other presenting companies. Stratex certainly didn't come across well IMO and I'd be concerned about how value was going to be created there. Indeed this was voiced by a significant investor there.
Landore came across reasonably, but with us only $5m mkt cap above them underlines how cheap we are. Another company not producing yet.

We were very very easily the pick of the bunch, but then as I've stated before I'd be happy to compare our value vs ANY company and I think it would be the same