Georgian Min. Share Discussion Threads

[tromso1] 27/4/2016 15:08

Firming into the close with a flurry of buying.

[someuwin] 27/4/2016 13:41

Expecting a big move up here sooner or later.

Just buy and wait.

[tromso1] 27/4/2016 13:39

Quiet here today but holding just beneath the point of breakout.

Could be the next one to move like KEFI has done today on decent volume and a clear break out.

[ileeman] 26/4/2016 21:04

Been adding NMG recently for near term producer, been adding a few different companies actually now that gold is on the up.

Chart looks very good, recently broken 200ma and resistance and now going higher. Once minor resistance breaks at 0.19p then nothing on the chart to 0.25p-0.3p so that is my target.

Got a couple mil today will add some more tommorrow, expecting a break over next couple days.


free stock charts from uk.advfn.com

[ryan83] 26/4/2016 19:12

Yep noirua.

Spike the company a few times. No capex at all, only opex - ie the cost of getting the stuff to the plant. There are two plants that are only operating at half capacity and they are both available to NMG. Very interesting times ahead. I hope you've been adding!

[markten33] 26/4/2016 17:22

My recommendation last month has played out nicely. BOD is up 130%. This could be my 10 baggerdyor

[noirua] 26/4/2016 11:08

Seems NMG will be paid on ore delivery and capacity is available. No infrastructure whatsoever needed for the fist two years. Looks as if I raised concerns that are fully covered in the broadcast at post 1447, by someuwin.

[ryan83] 25/4/2016 13:58

tumble weed at the moment, hopefully news that is due will turn the heads of investors!

[someuwin] 24/4/2016 20:27

CEO Interview: Noricum Gold set to benefit from a new project in a low cost jurisdiction

Published on 21 Apr 2016

In today’s CEO Interview, we look at the latest project of Noricum Gold, who are aiming for a Q3, 2016 production from their newly acquired asset, building a new project quickly and in a low cost jurisdiction, with Gregory Kuenzel, CEO, Noricum Gold, joined by Bonnie Hughes, Natural Resources Forecaster, and Charlie Gibson, Head of Mining, Edison Research.

[iloveit] 22/4/2016 09:45

Just maybe fireing up to go past 0.20 BUYS building up steam this morning.

[ryan83] 21/4/2016 17:24

Sleveen, because they produce the ore, the Jv partner then produces the gold from the ore. Talk to NMG about it. NMG are the ore producers. No extra funds required - unless they make the decision to ramp up the production.

[sleveen] 21/4/2016 12:58

ORE production is what they said NOT gold production.

Think about that.

[edgein] 21/4/2016 12:56

Noirua,

True, nothing is certain on AIM, but given what the company said yesterday they seem to be confident they've enough to see them to production.

Regards,
Ed.

[sleveen] 21/4/2016 12:34

Interesting they state "...and with no debt or short-term capex requirements, Noricum Gold is fully funded to commence ore production."

ask yourselves why "fully funded to ORE production" is stated and not fully funded to GOLD production

[noirua] 21/4/2016 12:20

Edgein, Yes, though there could be a time lag before cash arrives and no comment to say that Noricum ore can be processed right away or not. Maybe they will be paid immediately on delivery of ore depending on quality.
Not meaning to be downbeat in anyway as I'm holding quite a lot of stock, though surprises do occur with gold miners as history since 2010 has shown us.
Everything looks set fair but a few companies in the sector have shown there is a lot that can hold things up and then more cash is needed.

[edgein] 21/4/2016 11:48

Noiura,

Nothing wrong with being cautious but management have a different view:

"On completion of the acquisition, we successfully prioritised the 17 target areas at Bolnisi, each of which host individual resources. We immediately identified the potential to deliver near term production from two target areas, which benefit from near surface mineralisation meaning that there is no need for stripping while processing requires a simple low cost heap leach operation. Considering the access we have to existing infrastructure, we are focusing our near term activities on bringing these target areas or starter pits at Bolnisi into production as quickly as possible. This will allow cash flows generated from ore production to be reinvested into the multiple development opportunities we have already identified across the broader licence area. Furthermore, having successfully completed a GBP1m placing in February 2016, and with no debt or short-term capex requirements, Noricum Gold is fully funded to commence ore production."

KRS recently brought on two surface pits for working capital of £300k, so I don't see why NMG couldn't commence ore production from both pits since they recently raised £1m. I agree the gold price is certainly heading in the right direction for these producers or soon to be producers. Gonna be a busy 12 months ahead as the company uses its cash flow to prove up these large russian resources to JORC compliant. Market just hasn't registered how close these guys are to low cost production from huge reserves. We could have those first confirmation grades you mentioned any day now.

Regards,
Ed.

[noirua] 21/4/2016 10:39

Not much movement in the share price because the ann really only confirmed what is known already. Barite can really be forgotten as it is lower grade and probably not useful for drilling applications.
The gold price has remained in the $1200 - $1300 range which is encouraging.
Some may have concerns that cash reserves may not be enough to cover all the infrastructure, wages, fuel etc., before cash comes rolling in. So just maybe more will be needed to plug the gap.
The drilling results should confirm previous drilling and interesting to see if reserves can be increased.
Low cost production is the big hitter here and no big upfront charges having to install machinery and hope it can be commissioned on time.

[ryan83] 20/4/2016 11:09

looking for 0.3p initally but 0.5p = £20m mar cap should be easily do able.

[ryan83] 20/4/2016 10:30

lets break this down

450,000 tonnes of copper at an average grade of 1.31%;
this equates to 12.9m pounds recoverable = $28m at $2.2 per pound

900,000 oz of gold at an average grade of 1.11 g/t;
900k oz at $1250 = $1.1bn

20 million ounces of silver at an average grade of 23.71 g/t;
20m oz at $17 = $340m

22,000 tonnes of lead at an average grade of 1.23%;
equates to 581k pounds recoverable at $0.8 = $500k

52,000 tonnes of zinc at an average grade of 2.9%;
equates to 3,3m punds recoverable at $0.9 = $2.8m

1.5 million tonnes of Barite at an average grade of 27%
equates to 405k tonnes recoverable at $109 = $44m.

total = $1.5bn

obviously NMG are using a progressive method of production and will start from the top layer before going deeper. Important few points are

1) valued at £6m!!!
2) funded to commence production for starter pits
3) will have 3 x starter pits in production by year end
4) per sample drills recoverable material from 0 metres (yes from surface!) so very cheap to extract
5) No CAPEX required as JV with Caucasian Mining (massive company backed by rich russians)
6) still have Austrian assets that are also high grade. On the back burner as require capex and 'grass roots' exploration.
7) Georgian production licence for 30 years (cost $56m to CMG!)
8) Production from starter pit 1 commences Q3 2016 - so very close
9) Larger 'pits' available from starter pit revenue. I strongly recommend you look at David Garedjii, Sakdrisi.
10) Martyn Churchouse. Google and research this chap. Massive to NMGs future

Exciting times here, its a new NMG!

[ryan83] 20/4/2016 09:47

just read it:


I am pleased to report that, thanks to the work we have carried out since the acquisition in July 2015, gold and copper ore production from two of these starter pits, Kvemo Bolnisi and Tsitel Sopeli, is on track to commence in H2 2016. Combined, the two targets have an existing resource (non-JORC, C1 & C2 Soviet Reserves) of 450,000 tonnes of copper at an average grade of 1.31%; 900,000 oz of gold at an average grade of 1.11 g/t; 20 million ounces of silver at an average grade of 23.71 g/t; 22,000 tonnes of lead at an average grade of 1.23%; 52,000 tonnes of zinc at an average grade of 2.9%; and 1.5 million tonnes of Barite at an average grade of 27%.


put a $ on that!

[ryan83] 20/4/2016 09:30

edgein, NMG is fantastic buy around here imo. Im locked and loaded!

[edgein] 20/4/2016 08:20

Man that's some amount of Cu, Au, Ag, Zn, Pb..... Reading that report felt like being back in Chemistry class again. :) The market will get some shock by Christmas when they realise that they could have gotten in here at a mere £6m cap. As Someuwin points out first production is transforming both these companies into cash cows with significant multibag potential.

Regards,
Ed.

[someuwin] 20/4/2016 07:58

A lot of similarities between NMG and KRS. So expect a similar big rise in NMG over the next few weeks as it nears production.

[iloveit] 20/4/2016 07:12

Wow ! RNS BEAUTY Now I am seriously believing that 1p+ is a few weeks away if not iminent !