Anglo Asian Mining Share Discussion Threads

[jbravo2] 13/9/2017 13:27

@casa

And its 212 dore production.
Its quite clear in the RNS.

[jbravo2] 13/9/2017 13:26

Dore production is running at 212/day as you said.
Again as you said that's 77k/yr

The flotation plant processes at c.2000/t day not 3-400. Where did you get that idea from?

Of course the unknown is the amount of gold in that stockpiled material. Flotation before has run at 400oz/month but that was flotation after leaching.
It is reasonable to assume we shall recover half the gold from that sulphide ore (see the recent paper)
In short if you do the maths (and I've used c1.5g/t Au for stockpile and Cu 2200t/yr produced) I reckon another 11kGEO from copper and 9k from gold from flotation/year.

That takes you to 97k.

Throw in silver. Water plant.

100k ball park

[casabella2] 13/9/2017 12:58

The interims and a production update should make things a lot clearer.By the way i read it as 212 from ugar.

[mcfly79] 13/9/2017 12:49

Hi jbravo2,

Didn't see your post. Do you think we're currently running at 100k GEO?

[mcfly79] 13/9/2017 12:46

What do people think our total current production is (gold equivalent ounces)?

We've been told that gold doré production in running at 212oz/day (77k/year) and is expected to increase further.

The Ugur ore is only being processed by agitation leaching, leaving the floatation plant to process 300-400 tonnes per day of stockpiled ore. How much copper and precious metal concentrate will that produce?

[wrighty46] 13/9/2017 12:44

Just re read it. Total production by the sounds of it. Stand corrected.

[jaspoland] 13/9/2017 12:39

I read it as 212 total not just Ugar.

[jbravo2] 13/9/2017 12:37

Its neither.

Its 212/day dore.

That's AL and heap leach but not flotation.

If we produce at same rate next year using two separate production streams we'll be 100k GEO

[wrighty46] 13/9/2017 12:35

I read it as 212 just ugar. If that's true then this is going to fly. Shouldn't take long to get everything confirmed any day now.

[mattjos] 13/9/2017 12:34

so much going on at present andrewsr ... I am sure we will get news on exploration shortly as they will have been able to make good progress during the summer months & will still be doing so.
Future newsflow needs watching very, very closely .. they do tend to pack a lot into each RNS .. I think Reza begrudges paying the RNS fees so, makes the most of each one :-)

[andrewsr] 13/9/2017 12:30

Matt, it's 212 oz/day total (not just Ugur), isn't it? with Ugur still ramping up production.
I was hoping for an up-date on Gedabek, Gadir, Bittibulag etc exploration - isn't that due soon?

[bleepy] 13/9/2017 12:15

The electrification of Gedabek last year will mean no down time that diesel generators suffered because of freezing diesel,pipes and other down times associated to maintenance etc. The diesel generators have been left on site as a back up power source so belt n braces so to speak.

[gutterhead] 13/9/2017 12:12

Looks to have broken 30. Needs to stay there

[cashstrapped] 13/9/2017 12:11

Hi can you tell me when AAZ stop production due to weather pls?Thanks

[mattjos] 13/9/2017 12:07

Agitation performance not as prone to low temperature as the Heap Leaches are but, the liquids can become more sluggish to flow in extremis.

Nada anyone can do if the weather is unusually severe at some point in the winter but, it is only transitory.
Weather in the 70's right now and not normally until into December that the temperature goes prolonged sub zero. Plenty of time to crank out 200+ oz from Ugur

[puntogt] 13/9/2017 11:56

Anyone care to hazard a guess how the output from Ugur will be impacted by winter weather ?

[catsick] 13/9/2017 10:22

Should be generating 1m usd of cash a week with gold and production at these levels, the debt is going to be gone very soon ...

[graylyn1] 13/9/2017 10:10

This is looking really good now, super update.

[mattjos] 13/9/2017 10:05

good man McFly ... company is in a transformational stage just now. 2018 is going to be a revelation to the unfamiliar

[mcfly79] 13/9/2017 09:50

I've joined you guys with an initial purchase this morning.

Thanks for highlighting Matt. I'm glad to be aboard. Really impressive timescale from discovery to production for Ugur.

[catsick] 13/9/2017 09:40

Yes the way they did this was amazing told investors six months ago that they were shutting down the main pit to use all the machinery on ugur and cratered the shares to 15p without even a jorc out on ugur, then in double quick time got the new pit set up roads laid and all the while still producing at a good rate and paying debt down, they now are producing again from what be nice high grades at a much increased rate, 2018 looks like it will be a blow out year !

[jbravo2] 13/9/2017 09:38

For those new to the company...

This is currently a £35m company.
It's revenue will be >$80m this year.
We have a plant worth over $100m. We finish paying for the main loans for the plant in 11 months.

This is basically very, very, very, very cheap.

I'll let you do the research. I have and I'm buying.
I know of shareholders who own over 10m shares in total. If you're not in, you're missing out.

[brasso3] 13/9/2017 09:36

Looks like AAZ will soon be knocking out 20,000oz a quarter again very soon.

[bleepy] 13/9/2017 09:34

Exstract from monday's rns...


CONCLUSIONS

Flotation of the Gedabek copper-gold ore ahead of cyanide leaching, compared with leaching before flotation, increases the recovery of copper by about 20% and decreases the consumption of cyanide during leaching by about 18%. There are also small increases in the overall recoveries of gold and silver. The quantity of the flotation concentrate is increased by about 55%; the copper contents of the concentrates are similar in both cases, but the gold content is increased by about one third. The decreased cyanide consumption and increased metal recoveries have a significant effect on the process economics, leading to an increase in annual revenues of several million dollars.

[ilostthelot] 13/9/2017 09:32

Nice update 👏