Mariana Share Discussion Threads

[wisteria2] 29/9/2016 08:27

YES BAZ, and finished up 3 percent across the pond.gla

[barrywhit] 29/9/2016 08:21

More warrants exercised, must be close to the PEA.....LOL

[pr0t0n] 28/9/2016 10:43

W4, Agreed.

Back to MARL.
Last week I pointed out that tone of rock contains $1500 worth of gold in Ultra High Grade Zone. ( @36.9 g/t)
There is a interesting comment in NI-43-101 technical report

The Mineral Resource is reported at a cut-off of 2g/t Au Equivalent. The high grade nature of the mineralisation and the substantial thickness and size of the deposit suggests that the Project has potential for eventual economic extraction using open pit and underground mining techniques. Cut-off parameters were selected based on an RPM internal cut-off calculator, which indicated that a break-even cut-off grade of 2.1g/t Au Equivalent, assuming a gold price of USD$1,215 per ounce, a mining cost of USD$55 per tonne and a processing cost of USD$25 per tonne.

[wisteria2] 28/9/2016 10:34

dropped it very quickly this am on the hunt for shares!! bodes well for continuation of share price rise..All in my opinion. GLA HOLDERS

[mr roper] 28/9/2016 10:26

blue..who'd a thunk it...

[wooster4] 28/9/2016 10:08

proton - have been in these markets a long time - fully appreciate that companies are rarely correctly valued - going from being vastly over-valued to undervalued and back again. It's about having the guts to plough in big when you know its undervalued.

[pr0t0n] 28/9/2016 09:45

W4,

Anomalies happen on the downside as well as on upside.
Last few years value of some companies was well below anything seen in the past.
What you saw today with solg is the opposite...

[wisteria2] 28/9/2016 09:25

Back to marl, looking stronger here! gold in retreat but hopefully not for long! GLA.

[wisteria2] 28/9/2016 09:22

Institutions give em 50 million for paper at 6p and 12p next wad could be 24p! tier 1 mine the prospect!!

[wooster4] 28/9/2016 08:40

How on earth has solg got a mkt cap approaching 250m??

[barrywhit] 27/9/2016 20:02

Thanks pr0t0n,

Just wondered how many are in retail hands on AIM...

[pr0t0n] 27/9/2016 18:42

Barry, not at this time.
My best estimate would be 30-35% for TSX.

[luckyvince] 27/9/2016 15:29

Tiny spreed over in Canada. up 6% so far and market just opened.

[barrywhit] 27/9/2016 15:14

Is there any way of knowing how many shares are listed on the TSX and how many listed on AIM???????

[plasybryn] 27/9/2016 12:36

Is Mariana Resources presenting us with a Chart golden cross?

[xow98] 27/9/2016 12:05

From Atlantic Carbon Group Twitter feed:

If takeover proceeds deal would need to be done with all shareholders.
If Atrum, price not less than SB proposed deal - share swap or cash.

[billthebank] 27/9/2016 11:09

Catch up with SONG.Let's hope so!!

[cpap man] 27/9/2016 11:05

MARL starting to take off now....

[seemore] 27/9/2016 10:51

Thanks again, pr0t0n, for the info

[pr0t0n] 27/9/2016 09:12

Here is the email. I can only assume that PFS is underway.

"PFS is a JV cost
PEA is Mariana- but using as much as we can from the PFS studies."

[pr0t0n] 27/9/2016 08:51

You can email Glen Parsons, that`s what he`s told me (email).



seemore27 Sep '16 - 08:09
Pr0ton, do you have a reference for the PFS being a JV activity and paid for 30/70?
AFAICS, the PFS has not started yet.

[seemore] 27/9/2016 08:09

Hi pr0ton and Gersemi,

Thanks for your posts.

I was aware of the NI43-101 report and that Mariana was paying for the PEA.

I was also aware of the January report on the JV but maybe did not pay enough attention to the last para. Gersemi, are you saying that, as part of the JV agreement, Mariana accepted the obligation to produce and pay for the PEA? So that, legally, the PEA is being produced by the JV?

AFAICS, the PFS has not started yet. The Sep pres, used at Beaver Creek and Denver, is the first public reference to the PFS that I have seen and the word for the start is "will" rather than "has". Wouldn’t the PFS build on the PEA anyway?

Pr0ton, do you have a reference for the PFS being a JV activity and paid for 30/70?

All that said, I still find some things odd about this situation. Why launch a PFS when, as you say, less than half the drilling has been done? And, when the initial results are so stunning, why drill it out so slowly?

But, not odd enough to stop me from investing. I just wish the situation was a bit more transparent.

[cpap man] 27/9/2016 08:00

Good morning fingers xxd - ref: POST 7940 / MARL [interesting developments occurring at MARL to the upside?!?!?]

[pr0t0n] 26/9/2016 20:14

Ok, I missed on drilling.

So far they drilled 18.000 meters , 13.000 meters this year.( June).
Since July my estimate is 4-5 thousand meters with results to come.
Up to 20.000 meters was planed for this year.