Anglesey Mining Share Discussion Threads

[keya5000] 29/11/2016 11:39

Think its $ not £'s Gimme?

That was from the original Micon scoping study a few years back was it not?

[gimmetheloot] 29/11/2016 11:36

Directors
John Kearney, chairman

Irish, born 1951, has been in the mining industry since leaving University. He is a director of several public resource companies. Those listed in the UK include Anglesey and Minco plc.

Throughout his career he has worked with the Northgate Group, the developer of the Irish mineral industry, firstly in Ireland at Tynagh, Gortdrum and the Tara mine (now owned by Outoukumpu and the largest zinc mine in Europe). In 1981 he was appointed executive vice president at Northgate's head office in Toronto and succeeded Pat Hughes as president of Northgate in 1987 and as chairman in 1992; he has since resigned. Under Mr. Kearney's direction, Northgate operated the Copper Rand, Portage and Lemoine mines at Chibougamou, Quebec, the Campbell Resources and Joe Mann mines, also in Quebec, the Sonora gold mine in California, the Colomac mine in Canada's North West Territories and the Choquelimpie mine in Chile as well as investments in other companies and operations in north and south America and Australia.

He was appointed chairman of Anglesey in late 1994 and lead the corporate re-organisation and re-capitalisation of the company during 1995 and 1996 leading to the re-establishment of Anglesey as an active minerals company in 1997. He is also chairman of Canadian Zinc Corporation, Minco plc and Conquest Resources Limited and a director of the Mining Association of Canada

He holds degrees in Law and Economics from University College, Dublin and an MBA from Trinity College, Dublin. He is qualified as a solicitor with the Law Society of Ireland and as a chartered secretary with the Institute of Chartered Secretaries and Administrators of London.

He has presented papers, a number of which have been published, at conventions and meetings on topics including mining, mergers and acquisitions, and mine financing. He is a member of the Canadian Institute of Mining and Metallurgy, the Prospectors and Developers Society of Canada and the Law Society of Ireland.

Bill Hooley, chief executive

[gimmetheloot] 29/11/2016 11:35

Hyper

Yes that's the cost to build the mine from a previous study.

However Fairport are doing a full mine design for AYM and this will be
Updated very soon along with the resource upgrade and study!!

[hyper al] 29/11/2016 11:23

gimmetheloot

Where does the value of £30million come from, is it from a previous study?

[keya5000] 29/11/2016 11:18

Great points GL.

The coffee is being brewed and people are struggling to wake up and smell it.

Deep tones of arabic blend are filtering through my kitchen though...........

[gimmetheloot] 29/11/2016 11:12

Billions of £££;s worth of metals and only £30 million to take it out of the ground.

A no brainer investment for anybody.

[glenbo1] 29/11/2016 10:29

So what do you think realistically this can achieve mcap wise in the short term and the next 2 years?For me with a rescoping RNS soon it could be double digits by the year end and in a couple of years anything over 50p per share.Just my opinion as it looks so undervalued

[gimmetheloot] 29/11/2016 10:28

fairport are doing the mine design. Why are they doing a mine design now? Who has told AYM to do this??

Why get an upgraded resource whic is imminent?? I think somebody is wanting this:

This company's directors don't take salaries and have not done a placing for 14 yrs!!

Impressive!!

[g2theary] 29/11/2016 10:28

Back to 4p by dinner time just picked up 100k

[g2theary] 29/11/2016 10:24

Obviously jumping back up... surprised it fell so much

[gimmetheloot] 29/11/2016 10:22

Re-opening Sweden’s third largest iron ore mine

The Grängesberg mine has significant iron mineral resources remaining. The iron ore mineral deposit is one of the largest homogenous iron ore bodies in northern Europe, with a high iron ore grade.

Grängesberg Iron AB was formed in late 2007 with a main focus on developing iron ore projects in Sweden, mainly the closed-down iron ore mine in Grängesberg in central Sweden. Up to the closing of the mine in 1990, it was the third largest iron ore mine in Sweden.

Iron ore prices flying!!

[keya5000] 29/11/2016 10:16

Dont think it will be months glenbo1.

Would expect December at some stage.

[glenbo1] 29/11/2016 10:07

Looking forward to the update. I think this will now come together in the coming weeks and months...

[gimmetheloot] 29/11/2016 09:55

The so hit 14 when they announced they got the Swedish iron ore project.

They have option to acquire further and Iron ore prices are the highest today since 2008.

Can't wait for the update which is imminent!!

[noccer] 29/11/2016 08:02

monhearme - our calculations don't agree. I make it cUSD140/t, this being 65% of the raw metal content of USD216/t. Still better than the USD134/t. I wonder why we differ so much, do you get 134/t if you plug in the original numbers? I actually get 136 using the original numbers, so wonder if I am out a bit on my conversion of the precious metals from g/ton to troy ounces. Agree the exchange rate change will help viability.

[monhearme] 29/11/2016 07:09

Noccer - 28 Nov 2016 - 10:56 - 3259 of 3272 - By my calculations the increasing zinc price has finally increased the GMPV in USD (gross metal product value assuming 65% recovery) for White Rock above the original values in the 2012 Micon report. About time too, and this is in spite of Cu, Ag and Au lagging.I agree Noccer...looking good. Just had a quick look at aym Nov 2012 White Rock jorc estimate. Indicated + inferred resource of 1.6 Mt. In 2012, Zn $0.90, Pb $1, Cu $3.5/lb. Zn is 2/3 of resources, and is now $1.30/lb. Allowing for a,drop in Cu, I estimate GMPV has increased from $134/t to about $175/t now.And £:$ is also much more favourable for costs too.I think we could be looking at GMPV projections of >$200/ t for White Rock and >$300/t for Engine zone if metals prices are estimated higher.

[gimmetheloot] 28/11/2016 22:13

Keya

It looks redicuously undervalued compared to its peers!!

[keya5000] 28/11/2016 18:30

When you look at projects like this it does make you think AYM/MIO etc are crazy undervalued.



This lot will have a £35m mcap and only be at the stage AYM are through after publication of the PFS

[keya5000] 28/11/2016 17:09

Double figures beckons GL.

Those that think this should still be around 1.5p are not factoring the zinc/lead/copper moves of the last few months.


Plus the scoping study is due any day.

[gimmetheloot] 28/11/2016 17:06

Keya, people are only just realising the value of this resource in the ground. Worth 1.2 billion today now with an upgraded resource imminent where does the value go? Zinc lead and copper flying again ;1))

[gimmetheloot] 28/11/2016 14:23

Exactly in a safe place on the main market and not AIM!!

[gimmetheloot] 28/11/2016 13:49

Keys, mining licence, planning permission a workforce on the island ready to work, and an updated report I expect the metals to be worth over £2billion ;-))

[gimmetheloot] 28/11/2016 13:32

Local Welsh company, Main market listed and not AIM!! This has been upto £1.00

Looking awesome with the resource estimate , and mine design implementation.

[keya5000] 28/11/2016 13:29

£1.2bn of metals in the ground Gimme, at last with Zinc and lead both coming to the table the first 'white Rock' zone looks very commercial, in fact more than commercial at these levels