Pan African Resources Share Discussion Threads

[chipperfrd] 05/11/2016 13:39

Excellent summary Mikkydhu. It's all about their Reserves & Resources.

[mikkydhu] 05/11/2016 11:33

Elikhulu is the name of a group of giant tailings deposits that have accumulated over 70 years of mining, and which belong to PAF. Studies are being concluded on how to extract the residual gold from Elikhulu economically. We will be told the results at any time in the course of the next few weeks.

Elikhulu and its planned tailings retreatment plant are not just a small add-on for PAF. Cobus Loots, CEO, has called it a "potential game-changer for Evander".

When in production (November 2018), it will produce up to 50,000 ounces per annum. There are 178.7 million tonnes of tailings and the plant will process a million tonnes a month.

PAF has a lot of experience of successful management of retreatment plants (The Barberton one paid for itself in 18 months).

Elikhulu will mean a lot of extra ounces at a very low AISC.
It will have a life of 14 years.

[mikkydhu] 05/11/2016 10:49

Hello Shay,

These are some of the key figures to look at when considering an investment here:
PAF has two main mines, which are deep underground, and each mine has a tailings retreatment plant on the surface. So there are currently four sources of gold production.

Barberton Mine produces 95,000 oz pa
Barberton Tailings Retreatment plant: 25,000 oz pa
Life of Barberton Mine: 22 years
Reserves: 1.4 million oz
Resources: 2.9m oz
BTRP life of mine: 14 years

Evander Mine produces 95,000 oz pa
ETRP: 20,000 oz
Life of Evander Mine: 16 years
Reserves: 7.6m oz
Resources: 29m oz
ETRP life of mine: 16 years

The advantage of the tailings retreatment plants is that they produce gold extremely cheaply, AISC about $330 per oz. This brings down the company's overall AISC, which was $870 per oz in the most recent results.

These figures for the amount of gold in the ground and in tailings deposits are very big indeed. The tailings deposits are very big because some of them contain tailings that have accumulated over 70 years of mining.

I will post some information about Elikhulu later.

[shayadfn] 05/11/2016 08:23

Hello Boys & Girls, I'm not a holder in PAF, but srpactvies' posts on other treads have put it on my radar, hence, possibly looking to add to my collection of mining companies.

[astjgroom] 03/11/2016 22:46

Worlds going mad, no one can even work with another they may not see eye to eye with for a goal to the common good. Now trying to reverse Brexit, Trump, even he loses America is in some trouble, EU is a mess, Russia, Syria etc etc, Wtf.

[srpactive] 03/11/2016 18:38

Agree but the left always moan and sulk until they get what
they want, just look how Izzard is behaving and even Blair
and Kinnock spouting off. And as for what it has to do with
a South American is beyond me.

Maybe we can get a vote in their elections.

regards

active

[coxsmn] 03/11/2016 17:26

the law of this country has ruled in favour of those who cannot accept the result of a democratic vote, its appalling.

[coxsmn] 03/11/2016 17:13

Brexit means brexit, people need to accept the result of a democratic vote and not stand in the way of the will of the country.

[panic investor] 03/11/2016 15:38

thanks AST

Starting to worry where Gold is going now especially after today and if Hillary gets in.

[astjgroom] 03/11/2016 15:35

Panic. I have CEY. Nearly 400k shares, held since 34p. Legal case I think is almost finished, government supports CEY and even introduced a new law so rogue people couldn't challenge government contracts, should be past 'soon' then legal challenge gone by new law. Of course there's a risk, but I wouldn't hold so many if I thought it that risky. If you buy try n get £1.44+ ish, it's been bouncing off that.

[edjge2] 03/11/2016 13:48

Maybe it'll beat the AAZ, if 20 goes headed 18 but suspect gold will get an up stimulus soon. USA jobs not so good. Its vibrator batteries are gonna run out at this rate.

[master rsi] 03/11/2016 13:42

Selected to go better from this point at the thread "UPS"...

Master RSI - 3 Nov '16 - 10:16 - 75 of 78
UPS
PAF 20.125p ( 20/20.25p)

Had a good marked down today, though the gold price is only slightly lower. Order book weaker earlier is gaining pace on the bid side. Paying good dividend 0.87822p and going X next month 08 December
Good points
Substantial percentage earnings increases for next year 110% and a very low PE of 6.5, yield of 4.4%

[coxsmn] 03/11/2016 13:26

srpactive, keep an eye on Lek as its about to rocket any day now.

[panic investor] 03/11/2016 10:54

I was looking at CEY in addition to this but there is still that legal issue over there and you never know what's going to happen.

[edjge2] 03/11/2016 10:28

Pays a divi too, SA effect or no.
Petro.. POG may benefit with a gold rush to 1500, ruski busty.
Got the vibrator in, fun for the chart at present. Buzz,Buzz

[panic investor] 03/11/2016 10:26

hope so edging ! Buying a few more myself.

EDIT : Just added a few

[edjge2] 03/11/2016 10:17

hyperinflation coming in SA again I think.
Added today ahead of jobs after AVM ripper.
20p looks like support

[scottishfield] 03/11/2016 09:28

Maybe the SA Corruption Report having a tempoary impact here? (holder)

[srpactive] 03/11/2016 09:14

Still buying it so will when finished.

[coxsmn] 03/11/2016 09:08

Spractive, you haven't mentioned the name of your Chinese gas company?

[coxsmn] 03/11/2016 09:03

paf is significantly undervalued so any buyout would need to be at a huge premium to current share price

[srpactive] 03/11/2016 08:29

PAF market cap £394m.

This from the RRS statement this morning, now I wonder who
they could buy with that.

dyor

regards

active

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"If the gold price stays above $1 250 per ounce, and we deliver on our forecasts, we should get close to a $500 million net cash position at the year end."

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[srpactive] 03/11/2016 08:24

MM's shaking out weak holders before the November news.

dyor

regards

active

[scottishfield] 02/11/2016 23:03

Yes, it does it's own thing as regards moving; i.e. it's hard to predict as you might other shares. imo