Mariana Share Discussion Threads

[pr0t0n] 26/1/2017 15:36

Indeed Barry,

I doubt there is anyone shorting, that comment from poster the other day was with tongue in cheek,,,,

[barrywhit] 26/1/2017 15:19

A lot of positions being taken in MARL since the PEA in my opinion, lots of sells being found new homes....

[barrywhit] 26/1/2017 08:21

Have we got a few shorters working here or just profit takers?????

[barrywhit] 25/1/2017 15:46

I see from the January 2017 presentation there are still 5.5M options and 18.2M warrants still to be exercised.....

[pr0t0n] 25/1/2017 08:44

@7m55s.



In this interview he mentioned NI-43-101 resources update before PFS, so it could be included.
I assume it will be published by the end of Q2 and then PFS in Q3.

[barrywhit] 24/1/2017 11:56

Perhaps the Canadians will purchase their shares from AIM as we are pitched 5p cheaper........you have to laugh at the AIM market

[pr0t0n] 24/1/2017 08:24

Comments at the bottom of this article


You've mentioned AISC of $450/oz. Can you please explain how you got this number, as Mariana didn't publish it in the PEA?


Taylor Dart, Contributor
Comments (2180) |+ Follow |Send Message
Author’s reply » I spoke with IR and this is the number they gave me.

[barrywhit] 23/1/2017 21:39

Looking at the USOTC and the TSX close we should open up in the morning...

[greenrichard] 23/1/2017 21:27

1.48-1.50 on TSX

That's 89-90 in GBP

[pr0t0n] 23/1/2017 20:17

SH...

We`ll have to wait for PFS to get better idea I guess.
I`d imagine £50 mil. profit margin after tax would be bottom line...IMO of course.

I expect new/upgraded NI-43-101 as resource can only grow from now on.

[pr0t0n] 23/1/2017 20:03

Barry,
Trying to work out MM`s trades is like chasing shadows ...
Sell and buy in my opinion.

[sheep_herder] 23/1/2017 20:02

pr0t0n - yes but I guess he's being conservative which is good. And does that figure take into account the copper and other resources that can be sold - is that taken into account when getting to the AISC?

So we're looking at a conservative base mining case of £35M per year. And a suitable PE might be 9-12 depending on the discount for the Turkey effect.

[barrywhit] 23/1/2017 18:57

pr0t0m,

Both those large trades are shown as sells from 18th and 19th....on the LSE...but who knows.......

[cpap man] 23/1/2017 18:45

"The underground mine will produce an average of 288,000oz of gold and 15,800t of copper per year which would result in average revenue per annum of c. US$443m (£351m) at current metal prices, which would be c. US$133m (£108m) in net revenue to Mariana Resources per annum, more than the Company’s current market cap."

[pr0t0n] 23/1/2017 18:33

SH.

Thanks.

Corporate tax rate is 20%
Page 10

[sheep_herder] 23/1/2017 17:55

He's using a tax rate of 35%. Click on the table from his spreadsheet - shows it all clearly.

[pr0t0n] 23/1/2017 17:54

barrywhit23 Jan '17 - 17:17 - 2540 of 2541 0 0 (premium)
Couple of large delayed trades just showing 189k and 400k.....

Big Hitters waking up :-)

[pr0t0n] 23/1/2017 17:30

----Based on Mariana's portion of the project, it could see $44 million annually in after tax-earnings--.....


Not sure how he got to this figure...I can only assume that is for the first 2 years during the payback time....

Later he writes :

---The study outlines an underground mining operation with annual production of 300,000 ounces per year. Approximate all-in sustaining cash costs are $450/oz. The Hot Maden project has a mine life of 9 years and an incredible after-tax IRR of 153% using a gold price of $1,250/oz. This would result in a payback of just over 2 years, and closer to 2.5 years using current gold prices--.

[barrywhit] 23/1/2017 17:17

Couple of large delayed trades just showing 189k and 400k.....

[dilbert dogbreadth] 23/1/2017 16:24

Not surprised after that seeking alpha piece

[barrywhit] 23/1/2017 15:56

TSX & USOTC looking quite perky...