Georgian Min. Share Discussion Threads

[oilbuy] 30/8/2016 12:19

Market cap represents good value here. Im in long on this one !

[noirua] 30/8/2016 11:54

Hi Dudishes, you made a fair amount on the last run up. Might be time to buy back in. Stock is very cheap to buy at 0.122p but may fly very soon indeed.

[furgus ferret] 28/8/2016 14:19

What is Minmet and now might it be connected to Noricum ?

[dudishes] 27/8/2016 06:41

Ques:- anybody from Minmet involved here - sounds like it?

[redtrend] 27/8/2016 06:28

Shavian - I thought powder keg comment was bit tongue in cheek, but as I have visited the area, thought I'd add my 2 cents and share!

I now just need to do bit of research on the company itself to understand why it's so undervalued and if risk is worth it.

But thanks for everyone's comments here as it's helped a lot. I've made small investment, but may take bigger plunge after I've looked in more detail at last few RNS', interviews etc.

[shavian] 27/8/2016 06:09

Thanks for the well-informed comment Redtrend. I was actually writing tongue-in-cheek back there.

[ryan83] 23/8/2016 21:41

Continual production all year

[red rook] 23/8/2016 20:43

Does any one know whether mining operations in the area usually stops during the 4th quarter due to the Georgian winter ?

If so, and there is a delay in getting production operations under way soon we could be looking at the latter part of the 1st quarter of 2017 before any hope of production, at the earliest.

[giantpeach2] 23/8/2016 12:19

Very quiet on here, I have just added another 1 mil.
This just looks so undervalued to me, what am I missing?

[noirua] 18/8/2016 11:41

10:53 28 Jan 2016 -

Investment summary: For Noricum the model is self-funded exploration of a multi-million ounce gold potential, bootstrapped by an initial fundraising.
Even with only a 50% interest and in the current price environment that potential is significant. The 2015 deal looks cheap but, if successful, Noricum’s partner gets a much longer life out of its existing processing assets and advanced exploration skills transfer in this much-improved and western-facing nation.

Cash costs to drill, blast and truck mined ore the few kilometres to the Madneuli processing plant is likely to be in the low tens of dollars per tonne.
The ore will then be sold ‘at the mine gate’ to Madneuli, on the basis of grade, with an assumed recovery factor applied similar to that which the mine currently achieves, minus a small margin to cover the administrative and analytical costs.
Somewhere around five percentage points on the ounce (so $50 on a $1,000 ounce) appears to be a reasonable assumption as a ‘handling charge’ in addition to the processing costs.

Typical heap leach recoveries for quartzite-hosted gold are of the order of 70-80%, with cash costs of the order of US$500/oz.
Taking these broad-strokes estimates into account and using $1,000/oz. gold price, an attributable margin of between $100-200 per contained oz. of gold in ore seems a reasonable earnings estimate.
So revenue from each of these starter pits might be $10-20m pre-tax over two years. Not enough to provide substantial shareholder returns as cash dividends, but certainly enough to see significant capital growth and protect against dilution.

Contained copper will be recovered through the existing flotation circuit.
The ore arising from the starter pits may be significantly higher grade than that currently being processed but any mineralization arising from these starter pits should be chemically compatible with that currently mined at Madneuli, so operationally it should be as simple as dropping the trucked ore in a stockpile next to the primary crusher and adding it alongside the locally mined material.

The Madneuli deposit and its surrounding area was permitted for mining in 1975 and has been in near continual operation ever since.
The original acreage has since been split to more closely control the processing operations within the original mine site, with the unmined remainder now held by Georgia Copper & Gold (GCG), a local company that is, operationally, the exploration arm of the RMG group, owners of the Madneuli Mine.
It is the ownership of GCG that has been split, 50:50, in the JV with Noricum Gold.

The near-surface gold contained by the planned starter pits, may contain the company-estimated 100koz each, or may not.
This will largely depend on the ultimate tonnage extracted, so right now it is impossible to say either way.
However, the heap leach pads currently in operation at Madneuli are working at a profit on 1.5g/t contained gold from similar geology, so any compatible material that approaches or exceeds that grade will have a ready local market.

[ryan83] 18/8/2016 10:10

Look at the MOU

[sleveen] 18/8/2016 09:26

and how much will it cost to mine and process and what will that leave?

[vatnabrekk] 17/8/2016 19:27

Does anyone have a guess as to when production /revenue might start?

[iloveit] 17/8/2016 15:33

Some trade 12.5million gone thru must hurt the seller mms loving it !

[ryan83] 17/8/2016 15:16

sleveen yes I have seen the shareprice of course and added more.

enjoy the drop at your leisure.

50-70mt in the ground value:;-

metal___Tonnage_____grade_recoverable lbs__value at $2.2 lb
copper__50,000,000__1.0%__1,102,000,000____$2,424,400,000
copper__70,000,000__1.0%__1542800000_______$3,394,160,000

[sleveen] 17/8/2016 14:59

So a placing looks even more likely with all the extra expenditure on drilling etc.

A placing cometh, perhaps even announced tomorrow given the share price action today.

[noirua] 17/8/2016 14:49

Unless NMG do another about turn it looks as if gold bearing ore will not be delivered in the 3rd quarter of 2016, as promised several times. It means moving to copper gold ore deliveries at some stage that should be clarified by the end of August, however, MD Greg Kuenzel is known to deliver updates a bit later than forecast.

[sleveen] 17/8/2016 14:17

Ryan

I'm still waiting for you derivation of the $3.3bn.

PS have you seen the share price today?

[lovelyjubly1] 17/8/2016 13:02

looking good?

[richgit] 17/8/2016 09:35

It is the Summer doldrums,and overall the vast majority are not looking at Gold,and of those that do,there is still a belief they can sell and get back in cheaper with most Gold related stocks.

They have missed the stocks where there is already no chance of getting back in cheaper than when they were selling for their comparative 0.


As some of the Major producers start their more realistic re-valuations and gradually start their heading towards the stratosphere,all else will eventually
become a comparative of accepted valuations until the days of 2 shovels and merely a Gold target are valued at £25- £50 Million +.

For those that will eventually flock to London listed Goldies,I look at the list
of what could be "the last Men standing" as some have been snapped up by predators in opportunism.or consolidation.(AMARA)etc,as We wonder who is next until one of the the last Men standing is asked "To name its price "as Majors run out of their own future resources and their Investors are screaming for more.

From the revalued Major producers down to the Junior producers,and then the "what ifs"

In the last men standing We have the likes of HUM,and the likes of totally unloved CGH with its circa 7 Million ounces,leading down to the likes of microcaps like OTC,NMG,etc.

In 30 years of following Gold and Gold stocks I have never witnessed such undervalue for those with arguably "the potential" of producing the only real Money around.
I have certainly never witnessed 7 Million believable ounces being valued at petty cash regardless of Market sentiment,considering Gold is starting to face its scarcity.


Hindsight will tell us all "which were the last Men standing"and of course
"The last men standing" will have hordes of investors flocking to them.

Hopefully there will be years ahead of new investors entering that guessing game,and whether we witness the new Dot-Com Gold era akin to Baltimore,Knutsford group,Last minute Dot-Com etc etc is a possibility in the next couple of years.

I wonder which will be the "Last Man Standing" and "name your price"


Merely my own observation.

[noirua] 16/8/2016 12:33

Doc Holiday - 14 Aug, share price Angel - The events over recent weeks and months has taken Greg and the technical team back out to country (as we speak) to further advance and interpret the data.
The complexity of the potential (400,000oz) resource is pretty straight forward, it’s open pit mining into the hillside or bank on an acreage of land. They believe the original small (modest) known cap of gold which will delver a few thousand oz’s is a contingent should the bigger development stumble across problems.- 11th August, Guardian Stockbrokers - 11th August, Zak’s 3 Stocks in 3 Minutes Today Are: #NMG #CMCL #VAL - 11th August & Noricum Gold Ltd (DI)-Significantly Increases Size of Au & Cu Target - 11th August: