Anglo Asian Mining Share Discussion Threads

[jbravo2] 18/2/2021 19:00

Yep there's zilch for it right now.
If it happens it'll be a game changer within days of it happening due to the plant being accessible. Even if it gets "trashed", a repair job would cost an order of magnitude less than starting from scratch.
Spring and summer are the key times IMO. Presumably if Aliyev has a plan for action re occupied NK, it should happen then.

[royalalbert] 18/2/2021 18:56

B3 expecting copper to out do everything, 100kg each tesla car, car makers all in on electric.

[wanobi] 18/2/2021 18:52

After making lots of noise last summer with the purchase of Barrick Gold (NYSE:GOLD), Warren Buffett's Berkshire Hathaway dumped the stock in its entirety, according to the latest 13F filing. The move to sell Barrick Gold was made in Q4 after purchasing just under 21 million shares in the second quarter of 2020. Berkshire Hathaway sold some of its Barrick position in the third quarter. Berkshire's original purchase of Barrick was a surprise to many as Buffett is known for his negative opinion on gold.

In a 1998 Harvard speech, Buffett famously said that gold "has no utility."

"(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head," he said.

Buffett's summer purchase coincided with gold hitting new record highs of above $2,065 an ounce and figures like Max Keiser, host of the Keiser Report, proclaiming the move to buy Barrick as a "sea-change."

Cheers
Wan :-)

[laurence llewelyn binliner] 18/2/2021 18:52

#3Sporrons... Copper Copper Copper.. USD4/lb coming up, what a fantastic time to start finding a lot of it on your door mat..

Any plant of scale could take a year or 2 to build pending the reserves (porphyry..?) we have but a massive opportunity..

2,500 Tonnes a year is just a scratch, but its a by product for us so far and for free, at 25,000 tonnes p/a, now that makes a difference.. :o) and would bring USD 220M revenue..

[brasso3] 18/2/2021 18:41

JPMorgan Predicts That The Biggest Short Squeeze Yet Begins Next Month

[wanobi] 18/2/2021 18:27

did he really just say,,,,, "the silver price will be well into 3 digits" ODR,,, blimey :-) LOL :-) :-) :-)

Cheers
Wan :-)

[2sporrans] 18/2/2021 18:18

No, my apology JB

The Moly is a relative sideshow; just something new and i was curious.
I ought to have been focusing on the feast of copper, as doubtless you were
assuming i was.
I'm sure others here can offer far better insights than i.
Like Wind dancer.
and your good self.

Will AAZ actually cash in on Kashen though?
That's the crucial question.

Nowt in the s. price for that though.

[jbravo2] 18/2/2021 18:06

@2sp
Ah right. I'm with ya. Sorry for being a bit slow there

[2sporrans] 18/2/2021 18:04

Ought to have posted up something on the value of the
275k metric tons of copper reserve at Kashen, seeing i flagged up the
Moly.

At today's price, make that almost $2.1-bn worth copper in ground.
Spread over 25yrs production [*note below], $84-mn-pa revenue.
Guess at today's price an efficient plant and open pit, good grades
the margin must be v. good.
40% would generate $33.6mn op. cashflow/pa
Is that tolerably conservative?

For how many years will the bull market in copper run?
Dunno, but isn't 15yrs typical of hard commodity cycles?
If one kicked off Apr-2020, that's a great ride ahead.

*note: "The Armenian Government also announced at that time [2016] that they believed the non-ferrous metal reserves of the Kashen deposit were sufficient to keep the new plant operational for at least 25 years." from last AAZ RNS on recovered CAs

[wanobi] 18/2/2021 17:43

yep, many thanx tf,,, looks like it's making a move alright :-) cheers Wan :-)


free stock charts from uk.advfn.com

[wanobi] 18/2/2021 17:40

many thanx ODR, will watch that later for sure, cheers Wan :-)

[wanobi] 18/2/2021 17:39

hi cmb, great to hear from you & pleased to see you're rollin along in good spirits in these strangest of times,,, PUR on my watchlist and will look to buy,,, just watching for gold to pick up again first :-) take good care of yourself, catch you later :-) cheers Wan :-)

[wind dancer] 18/2/2021 17:14

I think from my experience with at ATYM 7-10 Years would b a reasonable duration for a medium sized part to work through that tonnage.30-40ktpa.Further finds developing mine life and plant untilisation. What great numbers.

[onedayrodders] 18/2/2021 16:51

Nearly lost my brother to Covid over xmas

Really hate these cheap conspiracy rags

[katsy] 18/2/2021 16:47

Totaly off topic,

hxxps://dailyexpose.co.uk/2021/02/17/investigation-nhs-data-shows-only-3000-people-have-died-of-covid-19/

note the word "of"

[2sporrans] 18/2/2021 16:46

Just the extra for the Moly JB; obviously the copper will make vastly more.

Thought it was worth looking into the molybdenum as hadn't seen any comment so far.

Could be it is effectively a 'cost free' by-product from the copper processing and therefore contributes $3-mn-pa to op. cashflow over 25 yrs.?

[jbravo2] 18/2/2021 16:25

Think you've got your sums a "bit wrong" there.
Are you saying you think they've paid $130m for a plant to make $1m/yr?

[onedayrodders] 18/2/2021 16:11

wan .. some Silver 'porn' to watch/listen later



I can't help thinking that we are close to something big now... despite the Silver squeeze fading, it appears to have set off some damage that can't be rectified, and they can't get Silver back under $27.

PM's are such a head fake at the moment and not in touch with reality.

yes .. we've all heard it before but law of averages surely on our side now

c'mon Silver...show your teeth

;o)

[2sporrans] 18/2/2021 15:51

Note on Kashen/Kyzlbulag:

" Estimates have been recently published that the deposit contains 275,000 metric tonnes of copper and 3,200 metric tonnes of molybdenum. " - from AAZ RNS

Moly is selling for ~$26/kilo....so $26k per metric ton => reserve of ~$83mn today's prices.
Not to be sneezed at, though dwarfed by the copper value.
Don't know what margin might be achieved but 30% returns over $24mn.
Even stretched over 25yrs production, another $1mn pa op. net cashflow.
Every little helps.

[brasso3] 18/2/2021 15:50

The USD is in freefall since April 2020. Just because its having a good month at present should not be worthy of so much concern.

[fardels bear] 18/2/2021 15:48

Have you not heard the expression a fool and his money are soon JPMorganed?

[michaelfenton] 18/2/2021 15:41

I cannot for the life of me understand the dollar situation. The US just keeps printing more and more dollars and the debt will never be repaid. Yet the dollar keeps on pegging away. In reality it should be in freefall and the price of Gold rising in tandem? Gold is also being kept low by the Fed and the likes of JPMorgan? Covid has exacerbated the situation. The price of Gold/Silver will eventually rise but I know not when?

[lefrene] 18/2/2021 15:25

michf, I remain stunned by how the dollar remains where it is, despite the vast money creation and the plainly unrepayable US national debt. Although perhaps it's 'value' is a mere comparison against all the other countries with unrepayable debt?

[gutterhead] 18/2/2021 15:03

Picked up some more on two occasions today.....a lot of the "buy" transactions showing up in the "?" column