Mineral Sec Share Discussion Threads

[mr.oz] 07/11/2007 11:43

this may be useful too

[mr.oz] 07/11/2007 11:40

is that not?

[pillion] 07/11/2007 11:38

mr oz

I thought he meant an Ozzy chart of MXX ?

[mr.oz] 07/11/2007 11:36

Is this what you want?

[pillion] 07/11/2007 11:25

clearsoup

Give the chart url and I will sort it

jal

[clearsoup] 07/11/2007 07:42

Is there any chance of replacing one of the LSE graphs in the header with an ASX one? Would be good to see Ozzie (in)action, too!

[pillion] 04/11/2007 19:25

From Sydney Morning herald

NIPLATS'S executive director, Richard Wolanski, has deemed his company's exploration program a "fabulous success" after its shares have risen seven-fold since listing on the stock exchange just six weeks ago.

While hunting for platinum and palladium in Western Australia's Kimberley, NiPlats made a large vanadium discovery which has pushed its shares from a 20c listing price to a closing of $1.40 on Friday, 20c higher on the day.

All 27 drilling holes done between May and September have hit vanadium, a steel-making material, over an area 3.5 kilometres by 1.5 kilometres.

"The initial results are extremely promising," Mr Wolanski said. "All had significant intersections of vanadium - enough that we believe we will be able to generate a resource out of those intersections."

The grades at NiPlats's Hart dolerite intrusion range from 0.29 per cent to 0.39 per cent vanadium, which is lower than the 0.47 per cent resource at the old Windimurra mine owned by Precious Metals Australia. But given the large mineralised zone, it could potentially host more vanadium than Windimurra.

Despite NiPlats's success with vanadium, Mr Wolanski said the company remains more focused on finding platinum and palladium, since those metals sell for much higher prices.

A drilling program last year discovered thin zones of platinum group metals in the region. Mr Wolanski said NiPlats's geologists believed the geophysical characteristics of the Hart intrusion were similar to those in the world's most productive platinum province - South Africa's Bushveld.

"In the Bushveld in South Africa, vanadium is associated with the platinum," Mr Wolanski said. "Our focus remains squarely on searching for the platinum and palladium. The vanadium, obviously if it becomes commercially viable, we'll make a project of that too."

He said NiPlats's spectacular share price gains could partly be attributed to the scarcity of stock. The director Keith Liddell's Mineral Securities owns 44 per cent and other top 50 shareholders had increased their holdings in the last few weeks

[pillion] 03/11/2007 18:23

Platinum said on Friday that it was planning to build a 250 000 oz/y mine with a life of 16 years in the Bushveld Complex







Toronto- and London-listed Platmin has increased its attributable indicated platinum-group metals (PGMs) and gold mineral resources for the UG2 chromitite layer at its Grootboom project by 165%

[skyfoot12] 02/11/2007 16:16

just bought a few myself.
the least amount but i got the best price for buying less ;-)

[skyfoot12] 02/11/2007 15:40

£18.53m is about right
i meant nip trades in $$$,
but you know that, it was me who misunderstood you ;-)

[utwiq] 02/11/2007 15:26

skyfoot - not sure I understand your post
do you mean that MXX's NIP stake is worth A$14m, rather than £14m?
if so, that's not the case, we have 30m at A$1.40 each = A$42m
at an exchange rate of 0.4413 that is £18.53m
and what do you know, that is almost 15% of our MCap
not bad progress!

[mr.oz] 02/11/2007 15:19

October 30, 2007

Tianshan Goldfields Has a Simple Story


By Rob Davies


The junior resource sector is a pretty crowded place these days and it is tough for individual companies to attract attention. One thing that helps though is a simple story and it doesn't get much simpler than having one project in one country exploiting one commodity. Such is the case with ASX and AIM listed Tianshan Goldfields. It is developing its 90 per cent owned Gold Mountain project in the Tian Shan gold province of north east China and the steady growth in its share price since listing demonstrates how the market appreciates the progress it is making. Even so, a valuation of £34million for 2.8 million ounce resource that can be mined by open cut and then heap leached suggests that the story is not that well known yet.

Chairman Keith Liddell was able to give Minews some background to the most recent news on the phone from Australia, though he is about to relocate from there to London in the next few weeks - something he admits is not really the best of timing for the weather. In the last few weeks there has been some significant news flow and all of it is positive. To put the news into context it is worth pointing out that the resource lies in three deposits: Yelmand, Mayituobi and Jinxi all within a few kilometres of each other. The contained gold in these three deposits currently stands at 800,000, 162,000 and 1,721,000 ounces respectively at the indicated and inferred categories.

Work is underway now on a pre-feasibility study will enable the quality of that resource category to be upgraded. Keith expects a new resource statement by the end of the year and the completed pre-feasibility by the beginning of the second quarter of 2008. Work will roll on to a bankable feasibility study with the target of applying for a mining licence in 2008 with a view to production starting in 2009. The most recent data from Bulk Leach Extractable Gold tests indicated that recoveries of 91.3 per cent were achievable after five days on drill core from Mayituobi crushed to minus 2 mm. More comprehensive data on bulk samples from Mayituobi and Yelmand suggest that recoveries in practice would be more like 60 to 70 per cent.

Mine planning at this stage contemplates starting up Mayituobi and Yelmand as two separate heap leach operations as they both outcrop and could be developed quickly. Both would be mined at the rate of 2.5 million tonnes a year which would exhaust the relatively small Mayituobi deposit in two years. After that the mining rate at Yelmand would double keeping output at 80 – 100,000 ounces a year. Keith expects that this Phase 1 stage would last until 2010 by which time Jinxi will have been more thoroughly drilled out. Once production migrates there he is hopeful that this larger body will allow output to rise to 350 -300,000 ounces a year and he expects cash costs to be of the order of US$200 - US$250 an ounce.

Full details of capital cost won't be known until the BFS is complete but this style of mining will keep it to a minimum. Keith says he would be prepared to contemplate some limited hedging of future production as part of a financing package but probably no more than 20 per cent. In the meantime another 35,000 metres of drilling is underway to improve the quality of the resource and Keith says there is plenty of exploration potential in surrounding ground. Tianshan might be a simple story, but it looks like it will be a nice, long one.

[skyfoot12] 02/11/2007 14:56

utwiq: not sure but i think its ozzie dollars
nip floated at 20 as seen on the chart
jal will put us rght ;-)

[utwiq] 02/11/2007 11:08

yep, NIP has gone from £0 on my valuation to about £14m (more or less, haven't got the accurate figures on me right now); amazing value in MXX just now, especially when you think that their business is bringing forward projects like this and then advancing them and raising their profile; I added again today.

[pillion] 02/11/2007 10:04

NIP
in OZ up a further 17% last night

[skyfoot12] 01/11/2007 23:45

Code Last $ +/- Bid Offer Open High Low Volume
NIP 1.080 -0.120 1.100 1.140 1.090 1.090 1.080

[skyfoot12] 01/11/2007 23:32

Code Last % Chg . Bid Offer Open . High Low . Vol
MXX 1.685 -0.3% 1.650 1.675 1.685 1.685 1.685 6,000

[skyfoot12] 01/11/2007 23:19

not ozzie dollars then?

[pillion] 01/11/2007 00:52

MXX hold

30 million NiPlats shares (NIP in Oz) representing 44.1% of the issued capital

imho -- dyor

edit
NIP ends in Oz at 1.20 -- up 20%

Is that a value to MXX of about sterling £15 million ?

[skyfoot12] 01/11/2007 00:41

no one bought or sold a share today (yesterday)

[skyfoot12] 01/11/2007 00:39

what stake do they have in nip?

[pillion] 01/11/2007 00:37

NIP going well in Oz -- previous close 100

[skyfoot12] 31/10/2007 23:53

so where is the news?