Mineral & Financial Inve... Share Discussion Threads

[ryan83] 09/9/2015 13:15

Bones if you look at redcorp news releases they have an NPV of just over $160m on lagoa. That doesn't jnclide gold or indium which if you read the info I posted here assays show between 29-90ppm =29-90g/t. The indium could add a significant value to this asset! Also rare earth by products such as tin and germanium etc. lots to come here, as you say lots spent on the assets already and seems like now is the time to get this the Portugal/Spain assets on the radar.

[bones30] 09/9/2015 12:36

Have you looked at the NI 43-101 resource estimates on Portex's Sedar site? I'll try and post some interesting bits. Hopefully this link will work for you:


Another thing I've noticed is when SRA bought Lagoa Salgada gold was not worth very much.



"The Lagoa Salgada concession covers a partially defined massive sulphide deposit which was subject of a 43-101 compliant resource estimate prepared by Wardrop Engineering Inc. for Redcorp. Redcorp disclosed the estimate on August 21, 2007 and filed the technical report on SEDAR on October 1, 2007. The technical report estimated an inferred resource totalling 2,017,000 tonnes grading 0.35% copper, 4.83% lead, 5.13% zinc, 1.29 g/t gold and 85.35 g/t silver. "

Anyway - going back to the resource estimate, a few months after it the last we hear of the project was

Looking like they didn't do the metalurgical testwork recommended in section 18 of the NI 43-101 report.

There's some costings in section 18 so we can see that some decent money would have been spent on the drillholes.

After this it appears they started to focus on Uranium with some merger.

I'd have thought with the mining sector so bruised right now, the work required wouldn't cost nearly as much.

[ryan83] 09/9/2015 12:22

yep, the guys behind the portugal/spain assets are maintaining a large holding via TH Crestgate and MAFL holdings it seems. They must expect to make from these levels, follow the money.

[bones30] 09/9/2015 10:25

One thing that struck me as interesting is Crestgate are putting their own money into funding this.

"To facilitate this transaction M&FI has acquired a 49% equity stake in TH Crestgate Gmbh ("TH Crestgate") from Mr R. Maurer and Mr F. Moppert for a consideration of CHF121,600 (c. £82,000). Thereafter, M&FI will invest a further CHF98,000 (c. £66,000) through the issue of treasury shares of TH Crestgate. The Principals of TH Crestgate will also purchase CHF102,000 (c. £69,000) to maintain their 51% interest in the Company."

[ryan83] 08/9/2015 18:21

Decent day for a change, back to 6p tomo lol? I have added as much as I can sub 7 so fully loaded waiting for news now. Gla

[bones30] 08/9/2015 11:18

Important too that they are moving the price up, not just being used to fill a sell order by the looks of it.

Suggests balanced market.

[ryan83] 08/9/2015 09:00

a few nice buys today

[ryan83] 07/9/2015 19:46

Thanks for that tbp, are you invested here then?

[the_boy_plunger] 07/9/2015 16:34

ryan

watched this company for a fair while, since management changes
thus far been fairly impressed as to what they have achieved from the clueless bunch who ran it into the ground b4.....
appears to be encompassed by these huge ranges.....
also remember finding PMG b4 take off circa 1/2p, went to 40p

the resource world has been incorrectly bashed and misplaced by investors
i larf at the consideration that somehow the financial black hole has somehow been healed, but we shall see
its likely b4 this is all over cash will be ? and other monetary alternatives will be viewed once again in a stronger light
not referring to any reversal back to silver coins, but a financial shift back there is not out of the ? either being a small market
u simply cant keep turfing cash and investment purely into property, eventually realistic alternative returns from production need to be revisited, but hey i still remember 20 years ago, most would say they would not buy a house or an additional buy to let, cos it was seen to be a liability, including all the so called smart eggs............lol, sadly they have zero memory too, akin to a goldfish
the problem most are too young to appreciate that world, but they will visit it for themselves before they reach maturity
everything has a correlation and its just a case of coming back to the mean usually for sentimental reasons.......

according to the Nationwide, UK house prices have shown a top a few years ago and we r potentially viewing a bull trap, which appears to be failing on an average basis........disconnection wont last for ever, but can be distorted by encouraging cash flow into the areas u (government/commercial financial) wish to inflate.........

hxxp://www.nationwide.co.uk/about/house-price-index/download-data#xtab:uk-series

ryan
aye
and i dont discount a bid

[bones30] 07/9/2015 13:54

Someone keeps mopping up the loose ones.

[ryan83] 07/9/2015 13:28

worth a read too, gives you an idea of what other materials are found at Salgada and teh IBT:

[ryan83] 07/9/2015 13:23

Lagoa Salgado

Published NI 43-101 compliant resources at December 2011, using a 3.5 Zn equiv.% cut-off (Portex Minerals website, 2012) were:

Indicated resource - 2.9 Mt @ 2.94% Pb, 3.40% Zn, 0.34% Cu, 54.72 g/t Ag, 0.82 g/t Au = 7.18 Zn equiv.%;
Inferred resource - 1.6 Mt @ 2.50% Pb, 1.80% Zn, 0.35% Cu, 51.00 g/t Ag, 0.78 g/t Au = 5.54 Zn equiv.%;

[ryan83] 07/9/2015 13:20

a bit about what Colt are buying


Work to date on the discovery has revealed massive and disseminated sulphide intercepts over a 1.8-km strike length, with the discovery hole indicating proximity to the potential VMS orezone. Intersection grades from drill hole SES010 shows an interpreted true thickness between 35 to 45m with 0.32% Cu, 1.95% Zn, and 0.61% Pb. Hole SES002, approximately 500m from hole 10 displays 11m of drilled thickness returning 1.81% Cu, 4.38% Zn, 2.57% Pb and 0.13% Sn. These results are slightly higher in Zinc and Lead concentrations than Neves Corvo. Important to note is the tin concentration, since Neves Corvo is unique for its very high tin concentrations relative to world VMS deposits1, a feature that Sesmarias seems to share. Continued exploration efforts will focus on expanding the main zone which is still open along strike and down dip - See more at: hxxp://thenewswire.ca/archives?tnwcatalyst2=release_id%3D17324#sthash.XhiQHEqk.dpuf

[ryan83] 07/9/2015 13:16

Colt Resources have recently acquired 60% of an asset in the IBT (Iberian Pyrite Belt):-




and look how much they are paying! $2.5m USD!

[bones30] 07/9/2015 11:00

Like I said, I think I'll give things a little while longer.

[ryan83] 07/9/2015 10:57

Are you still going to ring them bones?

[moreforus] 07/9/2015 08:46

no red start and lots of selling

seller done perhaps

chart bottomed

[bones30] 07/9/2015 08:44

Ryan, not really keen to put my email up. I think I'll give it a little more time for now, see whether we get a little news this week. As you said last week I think they probably want to tidy a few things before any PR push.

[ryan83] 04/9/2015 20:13

There's a few things worth asking, you got an email?

[bones30] 04/9/2015 16:19

One gets the impression the owners are wealthy people indeed. Asset may be great but worthless if no access to funding to unlock value.

Thus, they picked it up for pennies on the pound.

Quite surprised we haven't heard about this convertible yet. I might phone Monday, see if I can find anything out. The conversion price incidentally, if you look at the 2011 news release when they were issued, I think is related to NAV, rather than prevailing share price (unless I've misunderstood, NAI, etc).

Explains the 8p conversion price recently, when the share price was lower.

[ryan83] 04/9/2015 16:15

and thats why I have taken a decent wedge, its a turn around story of a good asset, thats had lots of appraisal already ($20m worth!) and with the right men behind it who knows!

[ryan83] 04/9/2015 15:51

way I see it is (and think you said as much yourself), smooth over with the local governments, ensure Lago permit gets re-instated, get on teh promotion trail, release detailed resource data, get more funds at say double where we are now, get the PEA completed, get production underway!

$20m spent so far on these assets, provided we have a clear business plan then we are laughing at the current value!

[bones30] 04/9/2015 15:47

Would nice to see this promoted a little on say, Proactive, now they actually have an asset to present.

[bones30] 04/9/2015 15:21

moreforus, probably stig buying...