Medavinci Share Discussion Threads

[marmar80] 06/2/2011 11:12

yeep, sico, but earlier than 1pm ;)

[rico_suave] 06/2/2011 08:06

Wouldn't it just be great if the stockmarket was open over the weekends too?

[kipper8] 05/2/2011 14:52

Stumbling accross samples contaning 209 g /t may change the attitude of most sceptics.

[rico_suave] 05/2/2011 14:28

chip, you have to look at MVC as a new company now its not the old company. How can past performance be anything to go by? They have sorted out funding for now. Plenty of news to come our way so we will get a better idea of where we stand on that front. It is very risky though and far too early to get excited I am not denying that but this will suprise a lot of people imo

[liquid_bull] 05/2/2011 11:58

Here is the post from chipperfrd

chipperfrd - 23 Oct'10 - 17:24 - 1289 of 2124


1nv35tor - since you raised the question of MVC and as this thread is meant to be for frank and open discussion about any gold stocks, here is my take:

(1) MVC are taking 49% of Orogen Gold which has an option on 75% of Reservoir Capital's stakes in the 2 old mines. Hence, initial attributable stake for MVC is 36.75%.

(2) MVC state they intend to take up their option for the remaining 51% of Orogen by allotting sufficient new shares to give the vendors 29.2% of MVC - so around 300m new shares to be issued from current level.

(3) If MVC take 100% of Orogen they will have a max 75% share of the 2 mines.

(4) For Orogen to earn 75%, Reservoir Capital require them to spend C$1.5m by 20/6/12 and another C$2m by 20/12/13 on exploration. So that is C$3.5m (£2.17m) that needs to be raised by MVC to fund that exploration. At 1p/share that would be a further 217m shares to be placed.

(5) Clearly, much depends on the availability of fresh cash through placings.

(6) Reservoir Capital has to relinquish it's exploration permit and Orogen have to re-apply and gain the permit - so there is a risk there.

(7) The mines have lain fallow for decades (although one must wonder why Reservoir have not progressed them since 2006 in such a bull market for gold). So mines will need de-watering, and made safe to modern standards.

(8) Exploration costs have been stated by MVC to be $840k (12 months), then $1.65m (following 9 months), then a phase 2 which will cost $1.9m = a total of $4.4m over 2-3 years. [these costs would meet and over-ride those in point (4)] and have to be funded by placings of course.

(9) MVC have stated that they are looking to prove up a resource of 100k gold in order to provide c. 3 years of production - but remember, at best they will only have 75% of this production.

(10) There is no stated resource for the 2 mines and only grades from rock chips and channel samples - this is far from being the same as assays from actual drilling. MVC will need good drilling results and enough of them to allow a JORC or NI43-101 categorised resource to be established (always difficult on narrow vein systems).

(11) The vein intercepts will also help to indicate just how economic mining might be (whether mechanised mining is possible or more likely, whether it will be by manual air-leg operations).

(12) There appears to be no information regarding metallurgy of the ore, or the status of all the forms of infrastructure required to actually extract and process the ores (Power, water, waste, transport, environmental, etc, etc). All these issues will need to be answered and permits issued.

(13) Given the pre-resource nature of this project I would estimate that, at best, it must be around 5-7 years away from production (assuming all goes well) and there is an awful lot of work and cash that needs to be spent along that time-line.

(14) I would worry a bit about management ability! MVC have managed their previous investments very badly. Most of them appear to have gone bankrupt and there are still issues hanging over the rump that is left. I would also be a bit concerned about Orogen who were only incorporated in April 2010.

It all looks way to early for me as I like to have far more project information before I will commit cash. No doubt some will make money trading the current hype and sentiment but the early winners will obviously be the directors who bought millions of shares at 0.1p in MVC and presumably a similar set of individuals who initiated Orogen.
Chip

[liquid_bull] 05/2/2011 11:57

Liquid_Bull - 5 Feb'11 - 11:42 - 2122 of 2124 edit


chipperfrd,

what are your thoughts on MVC Medavinci?

News due:-

1. sampling/trenching results
2. name change/website update
3. reopening of 2 historical mines



chipperfrd - 5 Feb'11 - 11:50 - 2123 of 2124


Liquid_Bull,

I had a look at it a while ago and put down my opinion in post#1289.
Link is here:

[rico_suave] 05/2/2011 07:12

Ladies & Fellas,

We are expecting sampling results, the reopening of the historic mines, and also change/update of the website this calendar month. I suppose the management don't see any urgency in changing the website or they would have done that already. The website will probably be done by mid feb/end feb imo

This is just to refresh your minds and very useful for any newbies or investors who are thinking of buying in here good luck all :)

[rico_suave] 04/2/2011 21:46

MedaVinci's gold project could produce 30,000 ounces per year
Tuesday, January 18, 2011 by Jamie Ashcroft

MedaVinci's (LON:MVC) 49 percent owned associate Orogen Gold could establish a small-scale mining operation to produce 30,000 ounces of gold each year, according to a report by SRK Consulting.

The former medical investment company reinvented itself last year to focus on mineral exploration and production. It bought the stake in Orogen as part of this strategy.

With the backing of its new investment partner Orogen hired SRK to assess the Deli Jovan project which comprises two historic gold mines, Rusman and Gindusa.

The Deli Jovan is project is being developed by a 50-50 joint venture between Orogen Gold and a local Serbian mining firm.

The report states that: "SRK considers it likely that a small scale mining operation can be established and sustained at Deli Jovan using handheld pneumatic drilling equipment,

"The current constraints on operations are the unknown processing recovery and the limited information on the continuation of the ore zone outside the known working areas.

"The target of 30,000 ounces per annum as set by Deli Jovan Exploration d.o.o ("DE") could be achieved, on the condition that the historically reported widths and grades can be substantiated by the DE exploration programme."

[rico_suave] 04/2/2011 18:26

Nice consolidation RNS probably being delayed a bit is a good thing imo

[rico_suave] 04/2/2011 14:27

Snozzy, its often when we have high expectations, we usually end up disappointed. It's best to have some level of confidence but expect nothing.

[snozzy2] 04/2/2011 11:12

I'm not expecting an initial rise like BPC on name change, but it just goes to show how important the right name is for investor confidence. As is a decent website....!!

[jenny tulwought] 04/2/2011 09:25

Don't tell me...



"It's another day of consolidation."

[rico_suave] 03/2/2011 21:45

I think you might be right SG

[saturdaygirl] 03/2/2011 20:47

Looks like we are back in business ..

[rico_suave] 03/2/2011 16:10

MTV looks good it went upto 3.37 but I sold mine and put the proceeds into CNR and no I won't regret it.

[dick grasso] 03/2/2011 15:50

yes. 1.4m shares. another long term hold!

[rico_suave] 03/2/2011 15:49

I rather not say as some people might accuse me of ramping. But if you add robson to your news mon, that way you can follow as and when he posts hope that helps?

[liquid_bull] 03/2/2011 15:49

Anyone here hold MTV?

[liquid_bull] 03/2/2011 15:39

Rico -

it is good to see you always give credit to robson. He is a great poster truly one of the best on ADVFN! You told me about CNR one of his picks can you tell me some more please?

[camlor2] 03/2/2011 14:46

I wish,might make my loss on crnd look good,onwards & up !!!

[dick grasso] 03/2/2011 14:42

rico, Lol! I like your style! ;-)

[rico_suave] 03/2/2011 14:34

It is far too early to start coming up with target prices but we could be looking at 2-3p fairly soon imo