Tianshan Goldfields Share Discussion Threads

[hattori_hanzo] 20/6/2007 13:43

Hi mr.oz,

I've drawn a slightly different set of trendlines. Overall we are looking good, but it may well be we might come off a few %, down towards the bottom trend line, before we start moving north again, that's been the pattern. The RSI & MACD also show some indecision too:

[mr.oz] 20/6/2007 13:15

SPOT the difference

[mr.oz] 20/6/2007 13:04

ASX chart.... keeps steaming up ... thought we'd see some movement today , though. Can't complain can we!

[mr.oz] 20/6/2007 07:33

DRILLING REPORT
..got to go now :(
..might move the share price further north :-)
...making good progress and indications of further to come

JINXI DRILLING REPORTS HIGH GRADE INTERSECTIONS


* To date, in 2007 a total of 37 drillholes, for an aggregate 4,441.5
metres, have been completed at Jinxi.

* Drilling results confirm mineralisation extends to the north and southeast
at Jinxi deposit.

* Significant drill intersections at Jinxi deposit include:

57 metres at 3.64g/t Au (including 51m at 4.01g/t Au)

23 metres at 1.58g/t Au (including 2metres at 13.39g/t Au, and 8 metres at
2.14g /t Au)

25 metres at 1.10g/t Au (including 4 metres at 1.99g/t Au and 16 metres at
1.13g /t Au

[mr.oz] 19/6/2007 07:29

Slightly more detail in pdf format and map here:

[mr.oz] 19/6/2007 07:24

Tianshan Goldfields Ltd
19 June 2007


TIANSHAN GOLDFIELDS LIMITED

NEW LICENSES GRANTED IN HIGHLY PROSPECTIVE TULASI BASIN

• Five new exploration licenses granted in the Tulasi Basin for an aggregate
area of 111 km2.

• In December 2006, Tianshan reported an estimated Mineral Resource of
2.8Moz of gold at its flagship Gold Mountain project in the Tulasi Basin.

Tianshan Goldfields Limited ('Tianshan' or 'the Company') (ASX/AIM: TGF) is
pleased to announce that five new exploration licenses, for an aggregate
110.95km2 have been granted to Xinjiang Gold Mountain Mining Company, a joint
venture company in which Tianshan holds a 90% interest.

The new exploration licenses have been granted both in the vicinity of the
existing Gold Mountain tenement and along structural trends which are known to
host gold deposits and prospects within the Tulasi Basin (Figure 1). On 19
December 2006, Tianshan reported an estimated Mineral Resource of 2.8Moz Au on
the Gold Mountain tenement located in the Tulasi Basin.

These new licenses will receive an extensive sampling programme (stream
sediment, rock chip and BLEG) together with detailed geological mapping during
the 2007 exploration programme.

The new licenses bring the total licenses held to 632.32km2. Negotiations are
advanced to secure further tenements over areas of known mineralisation in the
Tulasi Basin.

[mr.oz] 18/6/2007 19:30

.. so AIM shares that are also officially listed on a another stock exchange that is a "Recognised Stock Exchange" qualify for PEPs and the ISAs. .... thanks sir.

[salmac] 18/6/2007 13:02

If anyone is interested, the rules on the inclusion of dual listed AIM stocks in PEPs and ISAs are contained in the following HM Revenue and Customs bulletin:

[mr.oz] 07/6/2007 20:16

Read the Lonsec broker note through for the first time properly
Am impressed with the thoroughness.

Intro:
24 May 2007

TIANSHAN GOLDFIELDS LIMITED
INITIATING COVERAGE

Tianshan Goldfields' Gold Mountain project in China is a deceptively high value project, which is steadily advancing towards development with attendant exploration upside. Tianshan also provides direct exposure to China's emerging mineral wealth.
�� Tianshan Goldfields Limited (TGF) is an Australian listed company with mineral interests in China. It began exploration of the Gold Mountain project in North West China in 2003. By December 2006, 2.8moz of gold had been estimated in a cluster of resources.
�� As a high-sulphidation gold deposit, Gold Mountain shares characteristics with some of the World's most commercially successful gold projects. The flat lying and near surface lodes indicate low cost mining. TGF's early metallurgical tests also suggests that efficient heap leach treatment methods should also apply.
�� TGF has commenced pre-feasibility studies on Gold Mountain with metallurgical test work well underway. A concurrent drilling program is designed to upgrade confidence in the resources and test for coherent higher grade zones.
�� Based on December 2006 resources and the performance of comparable projects, Lonsec estimates a base target for Gold Mountain of a project producing 115,000 ounces of gold per year for at least five years, at a total cost of about $US300/oz (cash cost $US235/oz).
�� The Gold Mountain JV (TGF 90%) holds eight exploration licences in the Tulasi Basin surrounding Gold Mountain and the adjoining, high grade Arxi gold mine. The belt is virtually unexplored and TGF is systematically generating and drilling new targets.
�� TGF reports receiving an influx of offers to participate in mineral ventures in China, as a result of its capabilities demonstrated at Gold Mountain. The opportunities are also said to have increased in quality with the continued development of the Chinese minerals industry. TGF is intent on using its inside running to build a diverse base of mining interests in China.
�� TGF's board comprises experienced explorers and mine managers, each with a different technical background. Additionally, MD Grant Thomas has managed mineral exploration in China for seven years.

Current project assumptions generate a value for TGF $0.70 cps at the current gold price. Metallurgical test results and resource revisions in mid to late 2007 present opportunities for additional valuation gains. Additionally, TGF's acquisition and expansion plans provide further appeal for investors seeking well managed exposure to minerals in China.

Like the bits that states Lonsec use forecasts and valuations based on Dec 2006 resources statement....But they are expecting a resource upgrade in Confidence and Qty due to the current ongoing drilling program..

... Bring it on

[hattori_hanzo] 07/6/2007 15:05

mr.oz - 6 Jun'07 - 20:36 - 68 of 70

Glad to hear it.

Price heading back up to the top of the uptrend channel. Looking good.

[mr.oz] 07/6/2007 07:45

Volatile in ASX ... up 13% to $AU 0.6 again (all time high)
(Cheers drewz...suspected it to be the case....black it is then)

[drewz] 06/6/2007 23:29

If you pay for a premium advfn subscription, you should be dressed in handsome blue, mr.oz. Otherwise it's dour black unfortunately.

[mr.oz] 06/6/2007 20:36

hatto .... problem with editing the header is now resolved (I didn't mean header title)
... Link to Presentation is now added
(ADVFN have me on the "black" list ableit not in a negative way , but can't find out why I'm not a blue-boy ...any ideas why??)

[hattori_hanzo] 06/6/2007 13:59

Hi mr.oz - Excellent info. Thanks. An impressive and in-depth broker note from Lonsec.

From the Lonsec note:

Based on December 2006 resources and the performance of comparable projects. Lansec estimates a base target for Gold Mountain of a project producing 115,000 ounces of gold per year for at least 5 years at a total cost of about $US300/oz (cash cost $US235/oz).

The Gold Mountain JV (TGF 90%) holds 8 exploration licenses in the Tulasi Basin surrounding Gold Mountain and the adjoining, high grade Arxi gold mine. The belt is virtually unexplored and TGF is systematically generating and drilling new targets.

TGF reports receiving an influx of offers to participate in mineral ventures in China as a result of it's capabilities demonstrated at Gold Mountain.
------------------------------------

Therefore, if you accept those details at face value, it seems obvious that TGF still look excellent value and must surely be worth considerably more than the current price based on gold ounces per year alone, let alone all the amazing potential from those licences, ongoing new drills and any new mineral ventures.
It also demonstrates that the TGF management have achieved an excellent reputation amongst the Chinese business community for their development of Gold Mountain and are now being sought out for new business projects.

The Hanzo verdict: It's a little Chinese cracker!


NB: mr.oz - You can't change your header title, but you should be able to change all the other info & details that you've added to your first header post.

[mr.oz] 05/6/2007 23:15

Seems I can't edit my header .. but the link to broker notes still picks up the latest
:-(

[mr.oz] 05/6/2007 23:12

Also hear is the presentation from the Asian Roadshow....off the website

[mr.oz] 05/6/2007 23:11

New Broker Note out - Speculative buy ...

I just had a very quick read only , suggests its valued at perhaps a third of its peers

Would like to hear other opinions please...

[hattori_hanzo] 02/6/2007 14:42

Hi mr.oz - Good info. Thanks.

[mr.oz] 02/6/2007 10:49

Performed better in AU .. always mirrored up until now ... could catch up quickly

Date Last % Change High Low Vol *
01 Jun 2007 0.600 11.11% 0.600 0.540 188,850
31 May 2007 0.540 3.85% 0.540 0.525 71,150
30 May 2007 0.520 0% 0.530 0.520 287,500
29 May 2007 0.520 0% 0.530 0.520 53,000
28 May 2007 0.520 0% 0.540 0.520 287,050

* Volume of shares shown represents only those shares traded on ASX.

[mr.oz] 02/6/2007 10:41

Page 12 suggests the following (cant screen dump it or post the link :-{ }

Mkt Cap $US 98million
Cash $US 6.5million (at May 2007)
Ent Value 91.5m
90% of resource est = 2.55m oz

Ent Value/oz = $US35
(comp to Jinshan at $US100)

Also state that discovery cost to TGF since 2003 = less than $US6/oz

[mr.oz] 01/6/2007 09:34

Asian Roadshow presentation on the ASX (see half way down page)

30/05/2007 Asian Road Show Presentation 19 PDF


Will add to header in due course
Rose 11% last night down under

[mr.oz] 31/5/2007 07:28

Didn't drop over the last few days in AU ... but rose 3.85% last night..

[mr.oz] 30/5/2007 19:32

Top-up time according to those trendlines then?

[salmac] 30/5/2007 08:49

SYDNEY (XFN-ASIA) - Share prices ended sharply lower with investor sentiment hit by the plunge in Chinese equity markets following the overnight decision by China's Ministry of Finance to triple the stamp duty on share trades effective from today, dealers said.

The decision was seen as a further attempt to cool the rapid rise in China's share market over the past year and while the losses hit 6 pct at the morning close, Australian investors are concerned with the possibility of a wider pullback, they added.

Dealers said few mining stocks avoided the sell-off given their direct link with China's demand for commodities, while falls in the banking and financial sectors also weighed on the wider market.

The S&P/ASX 200 closed down 74.2 points or 1.17 pct at 6,243.4.

The All Ordinaries index lost 67.1 points or 1.06 pct to close at 6,271.7.