Avocet Mining Share Discussion Threads

[simon54] 16/6/2005 17:09

DesWalker-

Hi D., I imagine you've got this, from the Evo 14/3/05 note, but in case it helps:

Operation P&P Reserves M&I Resources Inferred Resources
Malaysia 302,690 427,720 366,380
Indonesia 243,848 266,400 183,360
ZGC 502,331 3,097,226 545,175
Total 1,048,869 3,791,346 1,094,915

(If for any reason you haven't got the note, let me know and I'll send it to you).

Simon

[jk8] 16/6/2005 16:32

Beware looking at the sells and buys - i bought 5K at 73.375p today and ADVFN is showing it as a sell. I wonder how many of the other sells are in fact buys?

[bionicdog] 16/6/2005 14:56

Answer the question.

[biswell] 16/6/2005 14:32

This makes me laugh of the P thread.... Kojak obviously does not know, and on the P thread nobody wants to tell him, that even at $425 GOLD, AVM are losing money for every ounce they mine in Tajikistan now.....and that is where there hopes of 300,000,000 oz are.....hope in hell says I as production fell 7,000 oz last year

kojak78 - 16 Jun'05 - 14:28 - 531 of 531


Crazy, the rolling p/e is only 5.6

If Taror and Chore are reopened and add 150,000 more oz at US$200 (although I doubt that as both mines have metallurgical problems) the p/e would fall back to 2.85

This is just ridiculous. This is the gold miner with the lowest p/e of all gold mining companies in the world. Even if gold declines to US$315 the reopening of Taror and Chore would hold the p/e below 10 assuming 23.5 mio for overhead + capex + exploration. So this company will most probably survive the severest gold bear market and could easily triple or quadruple if POG stays flat..

[kojak78] 16/6/2005 14:28

Crazy, the rolling p/e is only 5.6

If Taror and Chore are reopened and add 150,000 more oz at US$200 (although I doubt that as both mines have metallurgical problems) the p/e would fall back to 2.85

This is just ridiculous. This is the gold miner with the lowest p/e of all gold mining companies in the world. Even if gold declines to US$315 the reopening of Taror and Chore would hold the p/e below 10 assuming 23.5 mio for overhead + capex + exploration. So this company will most probably survive the severest gold bear market and could easily triple or quadruple if POG stays flat..

[deswalker] 16/6/2005 09:09

Does anyone know where I can find a comprehensive breakdown of resource info (including the Russian classified resources in Tajik) and the current split between measured and indicated resources ?

The website only shows March 04 numbers but does not separate the two types. It also makes no mention or breakdown of the "over 10 moz Russian C and P resources" referred to in the March 04 Finals.

Many thanks in advance of any help.

[bionicdog] 15/6/2005 18:47

One more thing bis.
Why don't you spam the m-o-n-e-y a-m boards like you do those on here?

[hectorp] 15/6/2005 15:17

He needn't bother. Its satisfaction enough to see him losing his pants on his short GFM.
Maybe he'll learn one day he is usually wrong and his posts have become counter-productive.

[bionicdog] 14/6/2005 12:34

biswell
It pains me to say this , but you have been very rude to some of the people on the GFM thread. They were quite happy with their investment going up until you came along and poured cold water all over it. Would you please go accross there and apologize to everyone as soon as possible.
Thanks in advance , BD.

[tobie_1] 10/6/2005 09:10

You post on a lot of threads biswell....

[biswell] 10/6/2005 08:44

I also posted on CBM thread at 220p that it was time to sell and predicted falls to 180 , 140 and now to 94p

I will not answer with more as I was 'post removed 'yesterday

B

[biswell] 10/6/2005 08:42

I posted ARX was a 'Speculative buy' two days ago on the ARX thread.

It was up +38% at one point yesterday and finished up +30% this is not a ramp ...just answering TOBIE-1

B

[tobie_1] 10/6/2005 08:39

Bis which stocks are you currently bullish on or are you predicting the sky to fall on our heads as well as gold, palladium, oil, potatoes....

[bionicdog] 09/6/2005 21:33

But who's going to pick all the balls up at the back of the coconut shy?
That's what I want to know.

[wolstencroft] 09/6/2005 20:45

As Bis is happy making predictions so will I: If Bis is WRONG about POG he will disappear whilst it rises and then reappear again during the next correction.

But i dont mind him posting; there is always an alternative view.

[biswell] 09/6/2005 20:44

Nice to know you are listening to my every word woofy

HUI and GOLD charts are looking very bad

OXS is hanging by a thread and CER is dropping now

AVM will be following SHORTLY

B

[bionicdog] 09/6/2005 20:34

If you throw enough balls , you're bound to hit the odd coconut and you throw a hell of a lot of balls. LOL!
Now back to your naughty room young feller-me-biswell.

[biswell] 09/6/2005 20:31

I think not old woofer

$50 GOLD drop within 7 weeks or by end of July

B

[phillis] 09/6/2005 14:20

The COO paid the price for failure-and failure there has been. Was he just not up to the task(which begs the question why he was there in the first place) or did he fail at a difficult set of tasks? If the latter time only will tell if the replacement is successful - hence the nervousness/discount

[kojak78] 07/6/2005 13:30

Metals exploration during the Soviet era focused on the discovery and development of tungsten in skarns on the margin of the Chinorsai Intrusion. It was only in the late 1980s that Soviet geologists began to explore for gold hosted by sheeted quartz veins within the Chinorsai Intrusion. They compiled a large database of ground geophysics, soil geochemistry, geological mapping and trench geochemistry. Much of this is locked away in secret files.

Since the fall of the Soviet Union, Tajik and British geologists developed the Jilau gold mine. All of the ore is hauled 13km downhill to a twin-circuit mill and CIL/CIP plant. Production has driven further reserve development along the NW trend of deposits and there has been little exploration in the area of interest outside of this trend.

The conclusion that the Jilau Trend deposits are intimately related to the Chinorsai Intrusion, rather than post-dating it, has important implications for exploration. The most obvious is that mineralisation is not confined to the Jilau Trend. Indeed there are already walk-up drill targets elsewhere in the Chinorsai Intrusion.

The priority for the Exploration Group is to develop high-grade reserves in the immediate mine area. Consequently, Avocet initiated an intensive exploration programme earlier this year. Rather than throw expensive modern exploration techniques at the problem, exploration is taking a more hands-on approach. The Company has engaged the local government geological survey to conduct detailed geological mapping (there is over 60% outcrop), particularly of fracture and vein intensity and alteration mineralogy. This is the best tool for understanding the controls on mineralisation and developing the most effective exploration strategy.

The main geochemical prospecting tool is channel sampling of trenches and road cuts across the more fractured and limonite-stained zones. Avocet has recently purchased a high-capacity RC drill rig to assist with our target of drilling 30,000 metres this year. Finally, the Company is pursuing the acquisition of the Soviet-era data.

Early results are encouraging. The Exploration Team has defined four prospects outside of the Jilau Trend, the most recently discovered zone being a high-grade pod of mineralisation less than 500 metres west of the Olympic pit. Drilling is still driven by the need to complete the drill out of existing deposits in the Jilau Trend, but the rig will soon focus on assessing the exploration targets within the area of interest.

The assessment of dump leaching is a key development project at this time. Early results suggest that low-grade mineralisation (+0.3 gpt Au) yields up to 75% recovery. The Projects Team is constructing a 300,000 tonne test pad ahead of a planned 1Mtpa dump leach operation. If successful, the dump leach operation will expand the amount of mineralisation the Company can bring into reserves.

Avocet is confident of unlocking a multi-million ounce gold inventory within the Chinorsai Intrusion.

[bionicdog] 07/6/2005 12:03

You are only making things worse for yourself young man.

[biswell] 07/6/2005 11:59

A couple of major reasons why this stock is falling

1. They changed their 300,000 oz production promise from 2005 to 2006

2. Last year production fell by 7,000 oz

3. Investor's Chronicle put a buy recommendation (did on Jarvis a while back )

4. Tajikistan is supposed to be the place where the increased production will come from

5. It is costing more in Tajikistan to mine/produce gold than the gold price

6. Uzbekistan troubles are due to militant infiltration from Tajikistan

7. Trouble in Tajikistan is only a matter of time

B

[bionicdog] 07/6/2005 11:39

Biswell
I told you not to come back until you were willing to apologize.
Now go back to your naughty room.