Mariana Share Discussion Threads

[barrywhit] 23/1/2017 08:42

Latest presentation pdf shows latest Shareholder holdings, none of the largest holders have increased their holdings, most have changed down due to the dilutive effect of warrants I think, except: Resource Capital Fund who have gone from 4.43% down to 3.6%....

Canadian presentation today, link below:

[barrywhit] 21/1/2017 14:24

Another Glen Parson's interview.....

[dilbert dogbreadth] 21/1/2017 10:52

It looks like our little back test may have finished and we can move onwards an upwards now. I see Canada was quite strong yesterday and higher volume than the UK.

[greenrichard] 20/1/2017 16:00

Everyone's gone back to bed, hoping to wake up and find Trump being President was just a bad dream.

[barrywhit] 20/1/2017 15:23

A quiet Friday, low volumes on all 3 exchanges........Have a good week-end all...

[dilbert dogbreadth] 19/1/2017 18:32

Seeking alpha.

Taylor Dart, Contributor
Comments (2136) |Following |Send Message
Author’s reply » Hi Team,
Sorry for the lack of replies following the PEA, still waiting on further confirmation from IR before I go into numbers as I'm doing my best to convert tonnage costs to all-in sustaining cash costs to make it easier for us to understand.
If I had to make a completely conservative guess just to give a small update, it looks like the project will be producing at under $375/oz all-in sustaining cash costs, with 290,000 ounces per year of production, and this is based on what I believe to be half of the current resource.
With a new resource estimate we can bring more ounces into higher confidence categories and likely add grades as well, this would lower the costs even more. Once I have a better idea of the exact costs and parameters Ill be releasing an article with comparisons.
Thanks for your patience,
Taylor Dart

[cpap man] 19/1/2017 15:00

Mariana Resources (MARL.L) – BUY*: PEA Results
Market Cap: £106m; Current Price: 85.5p; Target Price: Under review

From yesterday: IRR of 153% and NPV of US1.37bn
n Mariana Resources has received the results of its Preliminary Economic Assessment of its 30%-owned ultra-high-grade Hot Maden Copper-Gold Project, located in Turkey. The project has a post-tax NPV8 of US$1.37bn and a post-tax IRR of 153%.

n The total capex for the project including sustaining capital is US$261m. The mine will have a life of nine years and will produce 2.6moz Au and 142,000t of Cu.

n Forecasts and price target under review until the PEA is filled on SEDAR within 45 days. BUY rating maintained.

NORTHLAND CAPITAL PARTNERS VIEW: Mariana Resources has produced an exceptional Preliminary Economic Assessment at its 30%-owned ultra-high-grade Hot Maden Copper-Gold Project. With a post-tax NPV8 of US$1.37bn and a post-tax IRR of 153%, investors will find it difficult to find another mining junior with a significant interest in a project with comparable metrics. The underground mine will produce an average of 288,000oz of gold and 15,800t of copper per year which would result in average revenue per annum of c. US$443m (£351m) at current metal prices, which would be c. US$133m (£108m) in net revenue to Mariana Resources per annum, more than the Company’s current market cap.

[pr0t0n] 19/1/2017 14:50

Well, dogberry
Tons of assumptions in your post.
Yeah, short, right.

[barrywhit] 19/1/2017 14:48

TSX.V Opened with a flurry.....

[tinker10] 19/1/2017 14:13

dogberry20200019 Jan '17 - 11:47 - 2512 of 2520 0 1
"No major miner would be likely to invest in Turkey given the current political and economic conditions regardless of PEAs.It would be tantamount to throwing away shareholders money. When building mines political stablility is a key criterion."

What a load of bull. Yes of course political risk is assessed when majors invest, but to suggest no-one would invest in Turkey because of the current risk is baloney. If you want an example of investment in politically risky countries look at Nigeria, huge investment in the oil industry despite bombing of pipelines and insurgency bordering on civil war in the north.

I'm all for debate dogberry, but everyone is aware of Erdogan and the recent coup attempt, your posts are pure scaremongering.

[barrywhit] 19/1/2017 14:08

Looks to me like the MM's have tried to winkle out a few shares today....

[pr0t0n] 19/1/2017 12:57

You are not alone Barry....I am (in)famous with company :-)
He usually answers, but not always.


Speaking of Alacer...
Here is the last financial report:

 The Corporation ended the third quarter with cash of $253.9 million.
 An undrawn finance facility of $350 million is in place.

[barrywhit] 19/1/2017 12:49

Thanks pr0t0n,

He tends not to reply to my emails.........LOL

[pr0t0n] 19/1/2017 12:36

Barry ,

That one is for Glen.
He did mention in one of the interviews NI-43-101 resource update after this drilling campaign
They are waiting for results of last 6 holes.
I`ll email him .

[barrywhit] 19/1/2017 12:26

A bit of selling today......an updated resource increase would be good as would an updated share register....

[pr0t0n] 19/1/2017 12:25

Latest from Alacer:

Management also hasn't discounted the prospect of acquisitions to complement the Copler project as it strives to become a sustainable multi-mine producer with a focus on Turkey.

[dilbert dogbreadth] 19/1/2017 12:15

Dogberry erdogan is well liked by the masses in Turkey

[wisteria2] 19/1/2017 12:08

Petropavlovsk.. POG could make a bid anytime!

[cpap man] 19/1/2017 11:50

Ok enough is enough GOOD [MARL] BUY!

[wisteria2] 19/1/2017 11:47

Gersemi, dog is out to enlighten us all out of the goodness ..... bless