Ariana Resources Share Discussion Threads

[soulsauce] 02/12/2019 08:09

paul I think you are mistaken by what I am saying. The something else being today's news as we hadn't had coverage of the excellent news last week.

Edited above.

[paul280i] 02/12/2019 08:05

Soul, don't be greedy, all in good time!

[soulsauce] 02/12/2019 07:32

Interesting. Thought there might be something else after the JV news. Might get a video or two now.

[swallowsflysouth] 02/12/2019 07:22

Cyprus coming up good already -

Resources are open in several directions and particularly down-plunge and show significant potential for the identification of gold-rich zones overlooked by previous exploration.

[shortarm] 02/12/2019 07:18

Wow!EMR20: 36m @ 2.58% CuHKL54: 50m @ 1.65% CuHKL80: 47m @ 1.63% Cu

[swallowsflysouth] 01/12/2019 18:16

Charles glad i'm no longer young, i guess each generation has different challenges.

[charles clore] 30/11/2019 23:15

swallows - I think you may be right. There has been a lot of crop under-production worldwide this year. Even the Indian onion crop has suffered. Food prices are set to rise. What an ideal time to crash the fiat system. And they can blame it all on the weather. As for storage of my gold and silver I feel that some of it must be in my possession as it's not accountable in the event of confiscation.

[swallowsflysouth] 30/11/2019 22:10

Charles, I do, in Sprott, not sure how safe that is in a global crash. In any case holding gold just gives everyone else something to steal. Same with growing your own food. When folk are desperate they will not worry about who owns what.

Could be a double whammy coming. Not just a global crash but major environmental events. Then what ? I must be in a gloomy mood tonight !

[charles clore] 30/11/2019 20:31

swallows - I hope you also have some physical gold for wealth, but especially silver because that is for trading.

[swallowsflysouth] 30/11/2019 17:46

Has anyone given any thoughts to what would cause pog to goto $4000 and the consequences of such a rise ? A global financial crash would be the most likely cause i think. Now what will happen next to the gold mines making huge profits ? That will depend very much on which country a gold mine is in. In the great depression many third world countries were controlled/influenced by Europeans which is no longer the case. In some countries the governments might take then over, in other countries they might be over-run by locals, other countries will settle for the increased revenue. Other possible outcomes might also occur.
If pog does goto $4000 i do think that Turkey is one of the safest country to have a gold mine simply because of who Turkey is, if that makes sense. Possibly even more so than America who have historically been know to have some 'odd' ideas about privately owned gold.

[soulsauce] 30/11/2019 15:08

Thanks Charles, even more invigorated now having watched my team win 3 - 1 😀

[plasybryn] 30/11/2019 14:29

Karakavak also owned 100%. They also said recently that there is the possibility in the future to truck ore in from other mines in the vicinity for us to process.
Also could be two underground mines. One at Arzu South and one at Arzu North.
Don't forget Derinkoy North & Hizarliyayla which is just 8 km north of Hot Maden and could potentially be bigger than Salinbas/Ardala. We have recently secured 10 year mining licences on these two prospects which I think actually surprised Kerim. Now hopefully we will have the cash to explore them, not just concentrating on Salinbas & Ardale. Remember Salinbas is just one prospect in our Hot Gold Corridor. The other big occurrence this year was Kerim proving up that Sainbas and Ardale are actually linked making the overall project even more exciting to develop.

[mcmather] 30/11/2019 13:42

Indeed TAM; forgot about Cyprus & Ivrindi, etc. The potential is definitely there, although that has been said fir a while now.

[thanksamillion] 30/11/2019 12:33

......we could end up owning a Monster, hopefully a friendly one, but there is always the risk it goes wrong.

[thanksamillion] 30/11/2019 12:29

mcmather

Good general guide, however I suspect that the JV news is just the start of Ariana's development plans, Cyprus for a start, then in the coming years perhaps a few more. All this will affect cash-flow.

[charles clore] 30/11/2019 12:22

Soul - it is good to see you have been reinvigorated by recent developments. I am sure we will see a lot more interest in the company when an analyst has crunched the numbers and the market realises what we have is a fast track route to a lot of cash.

[mcmather] 30/11/2019 12:17

Fag packet / speculative stuff; I'd like to see the Salinbas money given back as the special dividend but just mindful that net revenue to AAU the next couple of years might be tight.

END OF 2019 / BEFORE FEB 2020
Resource increase / Life of Mine extension (Kiziltepe).

2020
Increased JV costs to expand Kiziltepe / production.
Increased JV costs to start up Tavsan.
AAU costs around Exploration.
23.5% share of JV profits (Kiziltepe) thereafter instead of 50%.
Special dividend paid; hopefully £0.005p but perhaps less?

2021
Increased JV costs for Tavsan construction.
Increased JV costs to start up Salinbas.
AAU costs around Exploration.
23.5% share of JV profits (Kiziltepe) thereafter instead of 50%. However, Kiziltepe now producing 50,000ozs.
Capacity to pay dividend; not sure?

2022
Increased JV costs to construct Salinbas.
AAU costs around Exploration.
23.5% share of JV profits (Kiziltepe) thereafter instead of 50%. However, Kiziltepe now producing 50,000ozs with Tavsan adding 30,000ozs.
Dividend paid.

2023
Kiziltepe producing 50,000ozs.
Tavsan producing 30,000ozs.
Salinbas producing 50,000ozs.
AAU's share 30,500ozs.
AAU getting paid for earlier explo findings being br/ought in to the JV.
Dividend paid.
M'cap at that time notwithstanding what else AAU might have achieved on their own outside of the JV?

[soulsauce] 30/11/2019 11:15

Plus a nice slug of cash for bringing Kizilcukur and Irvindi in to the JV.

[soulsauce] 30/11/2019 10:56

Nice post mcmather. A second ball mill, some ore shipped from Kizilkukur and or Irvindi plus accessing some of the underground ore at Arzu Central and could easily head us towards 50k without Tavsan.

The higher the gold price the more those trucking costs become insignificant.

Might not be too far down the line that Ariana are getting close to the same amount of gold for their 23% as they are for their 51%.

[charles clore] 30/11/2019 10:36

David - thanks but I am not worried just a bit peed off with a market that can't seem to hold on to anything of value for more than a couple of days without scalping a profit. Well done biggles your buying has lifted me out of the doldrums.

[mcmather] 30/11/2019 10:21

From the latest presentation:

"Opportunity to increase production from 20,000oz to 50,000oz through further expansion at Kiziltepe and/or development of Tavsan"; ie scope to get up to 50K at Kiziltepe without Tavsan.

Zack mentioned in Monday's video that the drilling samples from Arzu South were nearing the end of their laboratory analysis and that AAU should have the results during this week just gone with a full update due once all the data has been evaluated. Hopefully news there shortly followed by increased resource / life of mine extension to give better consideration to any potential / likely ramp up at Kiziltepe.

[swallowsflysouth] 29/11/2019 21:30

Dinner for two it is. Never mind Shortarm looks like you've been outed. Roll on 10p.

[bigglesbingham] 29/11/2019 21:12

Dinner it is ??

[swallowsflysouth] 29/11/2019 20:50

I am, i suspect Shortarm isn't however !