Mariana Share Discussion Threads

[pr0t0n] 14/9/2016 21:21

Precious Metals Summit, Colorado, Sept. 14-16, 2016

PRESENTATION:



Interesting map on the page 7, right hand side.

[pr0t0n] 14/9/2016 19:10

AIM JOURNAL 13/9/16

[pr0t0n] 14/9/2016 17:51

Well, couple of big buys this pm 90k and 100k @56.5p.

[gersemi] 14/9/2016 11:31

dilb

Yes, you can see the pennant forming..a point to the right will be reached and then up or down but the imminent PEA should generate much needed interest going forward

Nicked this from 3-eye's:

thanks to Pharma Brown

10:24
Time to load up for PEA on Hot Maden

Pharma Brown

For the moment, any other news is a bonus. MARL is expecting an independently commissioned Preliminary Economic Assessment on its 30% holding in Hot Maden, due end of September or first half of October, which will be based upon the recent updated Resource Estimate. With already in excess of 1.25 million ounces of gold to MARL mostly at super-high grade approaching one troy ounce of gold in every ton of ore, and with only 20m of overburden to be cleared before initial open-pit mining can commence, this is super-world-class! Many gold producers have larger resources, but at much lower grades, and have struggled to make good profits when gold dropped below US$1100/oz. The PEA is emphatically about cost of production per ounce of gold, anticipated revenue from sale of gold, and profit. The simple maths is that if it takes X$ to crush the ore and extract gold from a resource at 3 grammes per ton and you are just profitable, then it will cost about the same X$ to process the same quantity of ore at 30 grammes per ton but you end up with 10 times as much gold to sell, and the further 9 ounces will be total profit! We can expect to see super-low cost-per-ounce figures here, and those figures should blow this stock out of the water. The current market cap of around #70 million bears no relationship to the potential profit on 1.25 million ounces of gold at super-low cost-per-ounce figures. Do not for a moment imagine that major partner and operator Lydia will be the only player interested in taking MARL's share of Hot Maden! There is megabucks to be made here by whoever buys this asset. Ask yourself why MARL have independently commissioned this PEA, and not merely awaited the JV-funded Developmental Economic Appraisal expected net year. It is possible that MARL's share may be sold before even that stage is reached.

[dilbert dogbreadth] 14/9/2016 10:06

gersemi

If that pennant plays out the flagpole is 20p to 80p, the difference is 60p which if you add to 80p makes the target 140p. Obviously no prediction but it is possible.

[gersemi] 14/9/2016 10:02

thanks fellas. Just a bit jittery for some reason

[pr0t0n] 14/9/2016 09:56

Well, last published results were on the 6th of July.
Since 12th of July 2 rigs have been operational.
No news on NI 43-101.
PEA should be ready in a few weeks.
Glen is presenting today, so I assume we`ll see updates after this summit.

[scottishfield] 14/9/2016 09:36

Just a bit of consolidation I think

[gersemi] 14/9/2016 09:28

This stock's simply died. Why, I have no idea and this small scale selling is corrosive to the price

[pr0t0n] 08/9/2016 21:33

WEBCAST from precious metals summit next Wednesday @ 4:30pm UK time

[pr0t0n] 08/9/2016 21:11

Yes Barry, 6th of Sep. 16:21 , £220k buy .

[barrywhit] 08/9/2016 20:22

Delayed 375k @ 58.85p.....

[pr0t0n] 07/9/2016 14:50

Well,

121 thousand shares traded in first 3 minutes over on TSX.

[dilbert dogbreadth] 07/9/2016 14:12

breakout says 80p plus

[gersemi] 07/9/2016 11:47

It's an illiquid stock so any decent news (the PEA should be a game-changer and for the first time a value creation event) should see a pretty explosive move

[sonoftherock] 07/9/2016 11:42

Nice. Was starting to question my decision to top up in the low 50s. Looking good to test previous highs soon?

I should have had more faith in a quality asset winning through (I hope).

[gersemi] 07/9/2016 11:38

Looking promising..surely news just around the proverbial corner

[barrywhit] 06/9/2016 12:55

A bit of selling today, will they end up on the TSX???

Gold on the rise again, nice to see.

[gersemi] 06/9/2016 07:37

Not MARL but a report issued today from Panmure Gordon on AAU (who of course operate in Turkey)...it's relevance to MARL is geographical

[gersemi] 06/9/2016 06:19

'As an example, we were able to have at the conference Mariana Resources, which has a high-quality gold discovery in Turkey, Azure Minerals which has the highest-quality silver discovery in Mexico, and Orex and Canasil which together have a high-quality silver discovery.

The fact that we were able to have three of the four most exciting discoveries worldwide represented at the conference I think added a lot to the tone and excitement of the conference.'



'Levental said she looked for solid companies with management teams that had a good reputation and track record with projects that showed signs of life with an interesting story.

“If a project appeals to early-stage investors like Sprott and other funds that is a good indication. If it has strong catalysts and recent news flow we are interested in getting it in.”

She singles out Mariana Resources with its Hot Maden discovery in Turkey, IDM Mining, Azure Mines, Blackham Resources and Southern Silver Mining, Victoria Gold as a prime takeover candidate following Goldcorp’s recent purchase of Kaminak Gold, and Barkerville Gold Mines.'

[bittorrent] 05/9/2016 21:06

British Bulls says buy, they are never wrong LOL.

[plasybryn] 01/9/2016 19:04

Thanks pr0t0n

[pr0t0n] 01/9/2016 18:11

Yes,

You are correct Plasy.
They`ve been drilling since 12th of July, so results can come any time.
PEA probably beginning of October.
Also updated full NI-43-101 on the way with metallurgy results.
Argentina may bring surprise JV ( imho) .

[plasybryn] 01/9/2016 17:40

pr0t0n: Am I right in thinking we should get drill results soon and the all important PEA next month?
Anything else expected in September?
The chart looks like a flag formation, but I have no idea what that means!

[pr0t0n] 30/8/2016 11:48

Emailed Glen regarding VAT refund.
They received first tranche couple of years ago ( see below) and they are still owed roughly 9 million pesos / $600k at todays exchange rate.
Slow bureaucratic procedure was his answer...
I guess eventually money will be paid out.