Mariana Share Discussion Threads

[cpap man] 18/1/2017 11:05

Now Shortarm why would i want to sell my brand new Rolls Royce for a battered old Ford?

[shortarm] 18/1/2017 11:02

How about buying Ariana for a cheaper entry to the same gold corridor?

[buffythebuffoon] 18/1/2017 10:41

Yes, it's not often you see net revenue per annum more than the market cap!

Buffy

[pr0t0n] 18/1/2017 10:37

If AISC is $500 @ $1250 POG profit would be $80/£65 million per year.
Hope got these figures right :-)

[pr0t0n] 18/1/2017 10:03

Cheers, cpap.
That`s bit better explanation from Northland!!!

[cpap man] 18/1/2017 09:31

Unfortunately can not c&p even any snippets so sadly can not post.

Any views from this thread on price targets for MARL say at the end of 2017 when we will also have the PFS?

My share price target would be at least a double....175p

[cpap man] 18/1/2017 08:35

Most of the broker BUY notes on MARL are currently reviewing their price targets for 2017 and beyond!

[easwarareddy] 18/1/2017 08:05

Hm i thought this was going up over the next few days.

[cpap man] 18/1/2017 08:05

Broker BUY notes on MARL starting to appear now....all extremely bullish on MARL as you would no doubt fully expect!?!?!

[pr0t0n] 17/1/2017 21:31

Good summary HG.

TSX: 862k shares traded , 1.42c / 87p
OTC: 297k shares traded, 1.09c / 87p

[highly geared] 17/1/2017 18:54

Hot Maden is probably up there with the best discoveries in the last 20 years. With large areas still yet to drill, in time, the resource can likely be increased to 5 million + gold equivalent. With bonanza grades at every turn and anticipated < $500 AISC, the PEA NPV might be the tip of the ice berg.
In time Marl,s holding could be worth north of £500 million even with finance dilution. At the current c £100 million market cap, there's certainty room for share price appreciation. If POG gets back to 2011 levels then the leverage will be phenomenal.
Hopefully one to hold long term,downside is Turkey political risk.

[barrywhit] 17/1/2017 18:36

An IRR @ 153% seems incredible.

Read paragraph below: Taken from:



NPVs and IRRs are therefore two completely different measures which are not correlated in any way, and the size of the respective numbers is, likewise, no guide to the real level of profitability on which lenders (and new shareholders) can rely for security. For a good mining project the IRR needs to be at least 30-40% and some are much higher, but others are closer to the 20% which, in my view, indicates an only marginally attractive project – unless for a solid business with guaranteed off take and prices, like energy generation (but, again, depending on other factors in the equation).

[barrywhit] 17/1/2017 15:46

How many warrants in todays volume?

[paleje] 17/1/2017 15:11

IC covered these on 17 November when the share price was 69p, their conclusion I've pasted below, they confirmed what we all know AISC will be very low although no number stated and unrisked value at US$10/share. They thought it a likely t/o target:-

Mariana's main asset is its 30 per cent stake in a gold-copper project in eastern Turkey, known as Hot Maden. While the project is still at the pre-development stage, and there will not be a pre-feasibility study until next year, drilling to date has revealed very high ore grades. A month ago, the company recorded its most successful strikes to date, discovering a 69.6m interval of 62.7g of gold per tonne and 2.68 per cent copper. That bonanza is unlikely to be a one-off, as previous holes have revealed grades in excess of 20g across thick intercepts, and an average of 15g. That is simply streaks ahead of Acacia's entire exploration drilling pipeline in Kenya, or Randgold's average mined grades, which sat between 1.4g and 4.8g per tonne last year.

The successful drilling programme has already led Mariana and the project's joint operator, Lidya Madencilik, to establish a known indicated resource of 3.43m ounces of gold equivalent, although this is likely to significantly expand following last month's jackpot result. So high are the grades discovered so far that all-in sustaining costs of mining are likely to be very low.

What is lacking is development financing to get Hot Maden to the mining stage. But the company says the £6m raised last year should see it comfortably into 2017. By that point, Lidya and Mariana will have a much better idea of how to move Hot Maden into production, and which gold majors may be interested in taking a stake.

MARIANA RESOURCES (MARL)
ORD PRICE: 69p MARKET VALUE: £84.2m
TOUCH: 68-70p 12-MONTH HIGH: 84p LOW: 12p
FORWARD DIVIDEND YIELD: NIL FORWARD PE RATIO: NA
NET ASSET VALUE: 10.6p NET CASH: £5.8m
Year to 31 Dec Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2013 0.0 -1.1 -0.4 nil
2014 0.1 -1.5 -0.4 nil
2015 0.0 -2.0 -0.3 nil
2016* 0.0 -2.2 -1.8 nil
2017* 0.0 -2.3 -1.9 nil
% change - - - -
Normal market size: 10,000

Market makers: 6

Beta: 0.60

*Northland Capital forecasts

IC VIEW
Mariana's thin balance sheet and counterparty risk make it a highly speculative play. But the company has catalysts in front of it, and its share of Hot Maden represents an un-risked resource base of over $10 a share at the current gold price. That leaves plenty of room for upside even with dilutive project financing. But we think there is also a good chance a larger miner could swoop before then. Buy.

[barrywhit] 17/1/2017 14:43

Large 250k trade @ 80.5p not shown as a delayed trade, unusual...

[cpap man] 17/1/2017 14:37

GOLD is rising as are the North Americans!

[cpap man] 17/1/2017 14:23

New BROKER UPGRADES via BROKER NOTES are no doubt on the way for MARL

[cpap man] 17/1/2017 13:55

Don't panic Nov31 after the initial profit taking the buyers will be all over MARL which looks as though it could end 2017 some what higher than where it started!

[barrywhit] 17/1/2017 13:52

It probably can pr0t0n, but not by me, but I do like the IRR @ 153%

[pr0t0n] 17/1/2017 13:45

Barry,

AISC can be calculated from figures presented, not with 100% accuracy but it would give rough indication of these costs.