Fair Oaks Income Share Discussion Threads

[ilostthelot] 20/10/2010 09:32

ASMP - ascot mining is worth a look just restarted its mine in costa rica. Producing 1200 ozs per month at a cost os $427. Market cap 10 million. worth more me thinks.

[gonefishing3] 20/10/2010 05:29

Kefi Minerals gained 0.33p to 2.53p after raising £625,000 to progress its gold exploration activities, particularly in Saudi Arabia.

[envirovision] 19/10/2010 23:55

seem to have wasted my time on the cr thread so reposting here:

Heres one relevant for this thread then. Plus traded (also XETRA/DAX) Ascot Mining. Market cap is now around £9 Million.

Currently just completed a new processing plant on its 100% owned mine (Chassoul) in Costa Rica, now producing 12000oz of gold from this resource, plus its reported a further 13,000oz (tbc) from three of its other near by interests. The cost production of per oz is reported as $427.

FYI just looking at the former resource, it consists of 2 explored veins 60-80,000 oz (more than 4 years worth at present rate) plus in addition there are a further 8 unexplored veins.

The majority costs have been met by past equity raising, so theres is not large wedge of forward sold gold at lower spot prices from years past as with so many of these gold producers.

So market cap of £9M versus to £19M worth of poured gold per year seems a very good prospect imo.

Aside from these four major interests, there are also other irons in the fire and in addition theres an expected compensation payout from a past joint venture which could be worth several million.

Ticker is ASMP, DYOR.

[gonefishing3] 19/10/2010 22:10

todays broker note.
KEFI Minerals
Mining Saudi Potential
21 applications pending for exploration licences in Saudi.Arabia, one imminent and others soon to follow.

Targeting potential 1m oz gold discoveries

The Arabian-Nubian Shield a rich source of largely undeveloped
gold/copper mineralisation

Region mined in ancient times � surface gold visible in some areas

Favourable environment in terms of tax and mining costs
Publication Date:
October 19 2010

[sportsauto] 18/10/2010 10:41

MVC - TICK UP ,

Gold minnow- Orogen Gold has Deli Jovan gold project, in Serbia. Historic gold production,High-grade quartz-vein-hosted gold mineralization - 209 g/t Au maximum value from channel sample (underground).Licence news soon-huge potential.

[fairdeal2008] 18/10/2010 09:26

TODAY'S SUGGESTIONS (updated 9.25am 18/10/10):

1. Per press reports about to announce gold licences in Mauritania:

Alecto Energy: ALO


Applied for very attractive gold licences in Mauritania which look to have been grated per weekend press reports. Confirmation of this via rns should see the share price move materially.

2. Astonishingly undervalued Coal explorer and producer:

Strategic Natural Resources: SNRP


South African coal, current reserves of 150Mt could be up to 3 billion tonnes. Mininglicences and environmental approvals all in place and currently negotiuating offtake deals. Tiny cap for the assets and stunning potential.

3. Gold stock still to breakout:

Ariana Resources: AAU


This remains my number one focus. Simply has not had its breakout phase and with a JORC update due the rerating has to be close.

Operates in Turkey although may wander to other nearby countries in due course.
Resource update due (500k ounces soon), Gold Production JV in place, Mine Feasibility underway, Massively important JV with European Goldfields for exploration and £1mn cash. The perfvect uber gold explorer and has not had its gold breakout moment. Its got to be coming.

ALL IMHO DYOR

[vivgav] 18/10/2010 09:02

AAU ticking up.....once thru 5p could be interesting.....JORC due Oct 2010.

[themoneymonster2] 18/10/2010 09:00

TPJ now working with Newcrest, Newmont, Barrick and Gold Anomaly!! In other words: THE BIGGEST GOLD PRODUCERS IN THE WORLD!!! WHY??? Must have something of interest to them otherwise you reckon they would be wasting their time?

Market cap is £4 million. Should be multiples of that. Fill or kill time guys.

[mingle3] 17/10/2010 21:15

CHC is the one!

[1nv35tor] 16/10/2010 13:11

they are two different companys. and its apparently an inside job. so nothing really to worry about i beleive

[bonsoir7] 16/10/2010 10:26

KIBO mining appears to be very risky after the news this week about fellow Tanzanian gold miner African Barrick Gold having it's fuel supplies thieved.

If a big company like ABG can not proide adequate security how will a small cash strapped company like KIBO manage ?

[shakester2] 16/10/2010 10:19

baht - NVTA worth a look (Tantalum Miner)

[1nv35tor] 16/10/2010 10:02

kibo mining is one to watch

anyone here know much about AFCR? or even churchill mining CHL

[cyprussteve] 16/10/2010 09:33

MVC well worth looking at - full details on the excellent header board.

[themoneymonster2] 14/10/2010 11:54

I just noticed the following presentation on GED's website, it is dated September 2010 but must have only been put up this week.



If you take note of the following:

2P reserves of 147.1 million BOE against market cap of just c £24 million - trading at £0.16 / $0.25 per 2P BOE

16p per barrel of P2 reserves is absolutely ludicrous, it is the cheapest on AIM, see the table on page 11 when it compares RPT, BNK & GED. RPT is currently trading at 4 x that of GED's P2 and BNK is currently trading at 40 x that of GED P2. I would think £3 ($5) would be more like it, that would be 147.1 million barrels of oil (P2) X £3 = £441 MILLION or 1,243p. GED is currently only 63p.

Emerald Energy sold for c £18 per 2P BOE (H2 2009), the same for GED would mean a value of £2.646 billion or a share price of 7,500p or over a 100 x bagger.

Surely a definate 10 x bagger is not out of the question.

[bonsoir7] 13/10/2010 23:23

OMI Investor Presentation from AGM

[bonsoir7] 13/10/2010 16:40

Hybridian report on SRB (3.8p)

6p initial target, and looks like may upgrade to around 15p on resource expansion over time

[englishbeakfast] 13/10/2010 16:33

gone.......fishing
got to give it to him ....he knows how to bait !

[gonefishing3] 13/10/2010 15:01

EB HIS STOCK HAS ALL BEEN BOUGHT you will see an rns before friday through thornaby no more holdings in the company.

Triple Plate Junction PLC (TPJ) is a United Kingdom-based holding company. The Company is engaged in the business of exploration for gold, copper-gold and other minerals. The Company explores for gold in Papua New Guinea (PNG) and Vietnam. As of March 31, 2010, the Company's projects included joint venture with Newmont Venture Limited on Wau-Morobe licenses, joint venture with Barrick Gold Corporation underway on Wamum tenement and joint venture with Gold Anomaly on Crater Mountain licenses. As of March 31, 2010, Barrick (Wamum) had earned 80% interest in joint venture. The Company's Gold Anomaly joint venture is engaged in the Phase II of the work program. The Company's subsidiaries include Larchland Limited, Takara Limited, Vietnam Resources Corporation (PSC Holdings) Pty Ltd, Triple Plate Junction (South Pacific) Limited and Terenure Limited. On October 7, 2009, the Company sold its subsidiary, Triple Plate Junction (Africa) Limited.
Exploration Update | Operations Update 08-10-2010
PROJECT UPDATE – CRATER MOUNTAIN, PNG
Potential for near‐term, open cut mining operation
Drilling program being planned
Gold Anomaly Limited (ASX: GOA, "Gold Anomaly") is pleased to provide an update on the
development and timetable of the company's flagship project, Crater Mountain in PNG.
Crater Mountain, which previous explorer BHP considered a Tier 1 asset prior to withdrawing from
PNG for strategic reasons, has, through the results outlined below, demonstrated potential similar to
other world-class gold deposits elsewhere in the New Guinea Orogen such as Porgera, Hidden
Valley, Grasberg and Ok Tedi (see Figure 1).
Exploration activities at Crater Mountain are currently focused at the Nevera Prospect. The
Company's expectation that the area offers potential is supported by the number of extensively
mineralised intercepts in previous drilling and artisanal workers who commenced small scale gold
recovery operations in the area in 2005. The company is currently progressing mechanized benching
and channel sampling ahead of 3D modelling in the area, to enable the better definition of drill targets.
As a result of the encouraging data generated by the benching, Project Manager Peter Macnab has
established the following schedule of key events:
October 2010
- Completion of data collation
- Review of results and establishment of conceptual model and drill targets
- Signing drilling contract
November 2010
- Commencement of drilling program including the testing of both deep and shallow drilling targets
December 2010
- Submission of an application for small scale mining lease over shallow surface oxide zones of
gold mineralisation.
- On-going drilling
It is anticipated that the drilling program and the analysis of the drilling results will be completed early
in 2011. The drilling program will include deep drilling to further define the deposit's potential.
Analysis of the small scale open cut mining operation will also be undertaken at this time. The
Company is optimistic that a small scale mining operation can be commenced in the second
half of 2011.
Gold Anomaly's Chairman Greg Starr said, "Early indications from our exploration programmes have
been positive, supporting our view of the Crater Mountain potential.
"Given the recent presence of artisanal mining and identification of a weathered oxide gold zone at
Nevera, we believe that the potential to advance a small- to mid- scale open cut gold operation in the
near-term is encouraging".
"With plans for our maiden drilling programme underway, the company anticipates steady newsflow in
the year ahead."
"One of our leading assets is the quality of our exploration team, led by director Peter Macnab. Given
Peter's remarkable track record of discovering world class deposits in PNG, including Lihir's 50Moz
gold deposit, we are certainly in great hands to tap into Crater Mountain's potential," Mr Starr added.
About Crater Mountain
As detailed in previous announcements, Gold Anomaly's Crater Mountain project in PNG is a
widespread gold target area spanning 3.5km by 2.5km area with what the Company believes is the
potential to host a world class gold and copper deposit.
The project work is led by exploration director Peter Macnab. Peter is a widely experienced
exploration geologist who has worked in PNG for over 40 years and is a widely respected expert in
PNG geology. He was the discoverer of the giant Lihir deposit (plus 45m ozs gold) as well as being
the discoverer and/or co-discoverer of other world class deposits in PNG including Wafi (7m ozs
gold), Frieda River (7.5 m tonnes copper,14.3 m oz gold), Misima (3.7m oz gold) and Simberi (5.7m
oz go It is a snapshot of the page as it appeared on 9 Oct 2010 17:08:46 GMT

[englishbeakfast] 13/10/2010 14:50

TPJ has got Market Manipulation written all over it to get rid of Ian Gowrie Smith's shares

[gonefishing3] 13/10/2010 14:47

13m traded now on TPJ massive upside

[gonefishing3] 13/10/2010 12:00

2m+ now on TPJ fairdeal i suggest you alert pi,s quickly as it has 5xbagger written all over it minimum.

[gonefishing3] 13/10/2010 11:38

all been bought eb breaking out it has 12-15p written all over it when newcrest take a bigger holding TPJ is moving fast