Wednesday, December 15, 2010

Noble Minerals - Update on Bibiani

http://asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=NMG&timeframe=D&period=W

Impressive drill results - have a look

Sunday, December 5, 2010

Ghana - Introduction to the 2nd largest gold producing country in Africa


Mines that are in Ghana: (http://www.mbendi.com/indy/ming/gold/af/gh/p0005.htm)

Ghana’s largest mine is Tarkwa, owned by Gold Fields Ltd. The Tarkwa Gold Mine is located in south-western Ghana, about 300 kilometers west of Accra. The project consists of six open pits, two heap leach facilities, and a CIL plant. Tarkwa has a Mineral Resource of 15.3 million gold ounces and a Mineral Reserve of 9.9 million ounces. During financial 2010 Tarkwa produced 720,700 ounces of gold. For the 12 months to end-June 2011 the outlook for Tarkwa is to produce between 720,000 and 760,000 ounces of gold. Newmont Mining’s Ahafo mine produced 531,470 ounces of gold in 2009, up from 524,000 a year earlier.
Gold Fields also owns the Damang mine, located in south-western Ghana, about 300 kilometers west of Accra. The Damang Gold Mine has a Mineral Resource of 4.7 million gold ounces and a Mineral Reserve of 2.1 million ounces.
AngloGold Ashanti’s Obuasi operation produced 383,000 ounces a year. AngloGold Ashanti expects its Obuasi mine to produce around 400,000 ounces of gold per year by 2012.
AngloGold also owns the Iduapriem mine, which produces an average 190,000 ounces of gold per year.
Bibiani gold mine, owned by Noble Mineral Resources, is located in western Ghana, 250 kilometres north-west of Accra. The open-pit mine, which was commissioned in 1998, is in the Sefwi-Bibiani belt, and contains more than 17 million ounces of gold. The Sefwi-Bibiani belt is the second-most significant gold- bearing belt in Ghana after the Ashanti Belt to the east. Noble Resources plans a $9m drilling programme over the next three years.
Golden Star Resources, who has two operating mines in Ghana, poured its two-millionth ounce of gold from its Bogoso/Pretea and Wassa mines in 2009.
The Bogoso/Pretea project, in which Golden Star has a 90% interest (Ghana government owns the remaining 10%), consists of approximately 85km mining and exploration concessions along the Ashanti rrend in south-west Ghana. Bogoso/Presteas’s forecast for 2010 is production of 200,000 ounces.
The Wassa gold mine (also 90% owned by Golden Star), is located in the southwestern region of Ghana approximately 35 km east of Bogoso/Prestea. In 2009, mining operations at Hwini-Butre commenced and provide even higher grade ore to the Wassa mill.
Keegan Resources has two premier gold assets in Ghana. Keegan's flagship property is the Esaase gold deposit. Updated resource calculations indicate a 2.025 million ounce indicated and 1.451 million ounce inferred resource averaging 1.5 g/t and 1.6 g/t Au respectively. Development studies are currently underway that will enable the project to be brought quickly to production stage. Keegan is also exploring a second project, the Asumura gold property, is located along one of Ghana's largest and most productive gold structures.
Geology of Ghana

a few companies that mine in ghana in the asx
NMG - Noble Minerals Group
ADU - Adamus 
PRU - Perseus Mining
AZM - Azumah Mining
CDT - Castle Minerals
PMI Gold - Going to be listed soon in ASX.


Friday, December 3, 2010

NMG - New player Bank of America

Just a quick note - Bank of America increased their stake in NMG.  A bit surprising to me that they are even interested in a junior mining company. 
They have lodged a statement that they owned 20.6m shares (5.93%) on 23 november, and now they own 24.4m (7.03%) on 30 November.
Pretty aggressive buying according to my humble opinion :)
I think they won't buy into a junior mining unless they are pretty confident of the shares increasing in value - which is good news for me :)

Cape Lambert plans to sell Marampa project

INTERVIEW-Cape Lambert plans to sell Marampa project

Thu Dec 2, 2010 5:51pm GMT
 
* At least 13 companies have already visited the project
* Plans to open up its data room early next year
* Seeks to develop richer iron ore deposits in Sierra Leone

By Julie Crust and Eric Onstad
LONDON, Dec 2 (Reuters) - Australian iron ore developer Cape Lambert Resources plans to sell or spin off its Marampa iron ore project in Sierra Leone to raise money to explore larger deposits, Executive Chairman Tony Sage told Reuters.
At least 13 companies have already visited the project and Cape Lambert plans to open its data room once a scoping study on the project is completed early next year, he said on Thursday.
The project is supported by existing rail and port infrastructure, which is being refurbished, and the company has previously said production could start in late 2012 at an initial rate of about 2-5 million tonnes per annum.
Cape Lambert is looking to dispose of Marampa so that it can explore and develop potentially bigger iron ore projects in the West African country where it recently acquired three more licences, Sage added.
Marampa contains around 197 million tonnes of iron ore based on inferred resource estimates released last month for two of its eight known prospects. Cape Lambert plans to announce an updated resource estimate in March.
Rising demand from steelmakers, particularly in China, has pushed spot iron ore prices up more than 40 percent this year.
The company has not ruled out the option of spinning off Marampa and listing it in its own right, Sage said.
In March, Cape Lambert sold its Lady Annie copper project in Australia to China Sci-Tech Holdings Ltd for A$135 million, finding a trade buyer after pulling a planned IPO.
AIM-listed African Minerals, which owns the Tonkolili iron ore project in Sierra Leone, has a 19-percent stake in Cape Lambert. (Editing by Jon Loades-Carter)

Thursday, December 2, 2010

CFE - African Minerals interest...

African Minerals projects will change the face of Sierra Leone

African Minerals Limited the largest iron ore company in Sierra Leone is now at an advanced stage in preparing the infrastructure that will see them kick start the exportation of iron ore to European and Asian Countries.
The railway line from Tonkolili right down to Pepel and Tagrin is at an advanced stage since the arrival of the materials few weeks ago. The Tagrin port construction also is well ahead on course for completion.
The deal between AML and Shandong Steel is still on as Shandong Steel has completed their due diligence and AML is waiting for them so they can complete the deal before operations can start.
Also AML has been doing well in the Stock market where they sold some shares to raise funds due to the delay of Shandong Steel. The company’s management is very optimistic that come next year AML will be ready in time to start export.
Presently more Sierra Leoneans are gaining employment as the company expands its operations. The conditions of service for workers have always been good and the environmental condition they are working under has also been improving as the company wants to meet all local and international standards of operations.
The Company has focused its funding and resources in 2009 on its flagship Tonkolili Iron Ore project, the Marampa Iron Ore project (in conjunction with Cape Lambert Resources Limited) and the Ports and Railway Infrastructure Project.
The Company continues to pursue value adding strategic alliances with third parties in the core commodities of iron ore and coal, but has scaled back activities at its diamond, base metals and uranium exploration projects.
Sierra Leone — Lignite Exploration (Option with Pinnacle Group Assets (SL) Limited)
The Company entered into an option agreement in December 2008 with Pinnacle Group Assets (SL) Limited, a privately held company registered in Sierra Leone, which holds the rights to certain coal and other mineral exploration licences in Sierra Leone. The purpose of exploration is to identify potential sources of coal for power generation for the Company’s iron ore projects in Sierra Leone and for distribution to the national grid of Sierra Leone.
The Company commenced early stage lignite exploration activities on these licences, which cover a 150 km strike length in the Bullom Group series of sediments north and south of Pepel Port.
Sierra Leone — Gori Hills Nickel-Cobalt
The Gori Hills prospect is a 20 km2 target where a nickel-cobalt anomaly was identified by reconnaissance stream sediment sampling. Initial surface trench results from this anomaly returned an average grade of 0.73% nickel and 0.061% cobalt over an interval of 56m between depths of 1m and 3.2m.
Sierra Leone — Lovetta Uranium
The Lovetta uranium anomaly, located in eastern Sierra Leone near the Liberian border, comprises an area of 160 km. In the immediate project area, seven anomalies of over 10 ppm uranium and over 450 counts per minute uranium have been identified by a programme of soil and scintillometer sampling over a 4km strike length. A trenching programme has delineated up to a 150m strike length and widths of 66m of anomalous uranium and thorium and is open in both directions.
Sierra Leone — Laminia Gold
The Laminaia gold project has been defined by a 14km by 1.5 km north-south gold trend. Within this broad trend three discrete anomalies have been identified over 100 ppb gold (peak grade of 680 ppb gold) with an overall strike length of approximately 2 km. Rock chip samples of quartz float returned an average grade of 117 g/t gold.
Sierra Leone — Diamonds
The results of follow-up kimberlite exploration sampling activities along with aeromagnetic survey data have been used to refine potential drilling targets for hard rock diamonds exploration. Thirteen high priority aeromagnetic targets, with coincident positive kimberlite grains, and 10 high priority drainage targets have been defined to form the basis of future kimberlite drilling programmes.
Canada — White River Resources Inc.
Through its wholly owned subsidiary, White River Resources Inc., the Company holds mineral claims and rights to earn-in mineral claims in the Canadian Yukon province on the Kluane ultramafic belt, an area that the Company believes has significant nickel potential. The scale of the exploration programme to date has not been sufficient to conclusively ascertain the prospectivity of the mineral claims.
Cape Lambert — Marampa
African Minerals disposed 100% of its interest in Marampa Iron Ore Limited in return for up to 19.9% of Cape Lambert Resources Limited’s (“CLIO”) issued share capital in November 2009. Cape Lambert Resources is an Australian based exploration and development company with interests in a geographically diverse portfolio of mineral assets and investments in several exploration and mining companies. This sale of Marampa enables African Minerals to focus entirely on its 5.1Bnt iron ore projects whilst benefiting from additional exposure to CLIO’s diverse portfolio of high quality resource assets and consolidates its relationship with CLIO. African Minerals can maintain and benefit from an indirect exposure to Marampa without requiring it to fund the construction and development of the Marampa project.
As at 31 December 2009, African Minerals Limited owned 85,569,934 shares (representing 15.14% of the total number of issued shares) in Cape Lambert Resources Ltd (ASX: CFE) with a market value of US$40,503,929.
Baobab Resources
Baobab Resources plc is a Mozambique focused iron ore, base and precious metal explorer. The Company has a large land-holding covering five discrete project areas. The Tete iron ore asset is emerging as Baobab’s flagship project.
As at 31 December 2009, African Minerals Limited owned 11,425,000 shares (representing 7.19% of the total number of issued shares) in Baobab Resources plc (AIM: BAO) with a market value of US$1,139,179.
West African Diamonds
West African Diamonds plc is incorporated in England and is a diamond focused explorer with operations in Sierra Leone and Guinea. Formed from the West African assets of AIM listed African Diamonds plc and recently acquired additional licences in Guinea, West African Diamonds contains a portfolio of development, advanced and early exploration assets across West Africa.
As at 31 December 2009, African Minerals Limited owned 8,700,000 shares (representing 9.67% of the total number of issued shares) in West African Diamonds plc (AIM: WAD) with a market value of US$563,994.
Health, Safety, Environmental and Security (HSES) Policy Over and above its legal responsibilities African Minerals has a primary and continuing commitment to protect the environment, the health, safety and security of its employees and of all personnel involved in or affected by its activities. This commitment is reflected in African Minerals’ corporate HSES policy which sets specific Standards relating to HSES performance which are mandatory and applicable to all African Minerals’ activities. Responsibility for compliance with our health and safety standards lies with the Chief Executive Office, and all African Minerals’ employees.
The Company is committed to carrying out all its operations in a fully responsible manner. In 2009 African Minerals achieved a good safety performance and we are committed to improving this as we move forward.
Environmental Policy African Minerals strives to be a global leader in responsible mining. It is our priority to try to safeguard the environment, protect the safety of our employees, and improve the quality of life in the communities and countries in which we operate.
In 2009 the Company continued to make progress in these areas. The project’s environmental and social impacts work towards compliance with the Equator Principles, an internationally recognised set of benchmarks for managing the impacts of large projects.
By Austin Thomas in China

Strike Gold With Junior Mining - Good introduction to Mining

Strike Gold With Junior Mining

The value of gold, silver, platinum and other precious metals has soared since 2002. Prices of these metals remain on the rise, driven by high demand and limited global mine supply. Junior exploration companies are poised to benefit most, but do you know how to choose the right one?

Read on to learn about the niche junior companies occupy and the important things you need to look for to ensure you aren't investing in the next
Bre-X. (To learn more about the Bre-X debacle and other investment nightmares, check out The Biggest Stock Scams Of All Time and The Ghouls And Monsters On Wall Street.)

Junior Companies Play a Senior Role
A junior mining company is an exploration company that looks for new deposits of gold, silver, uranium or other precious minerals. These companies target properties that are believed to have significant potential for finding large mineral deposits. Junior exploration companies are a major source of future mine supply. They find promising properties, prove the resources, stake the raw material and bring mines into production. With highly trained geologists, geophysicists and engineers on staff, it is the junior mining company that typically is best positioned to determine whether a property is economically viable. Juniors are critical players in the early stages, bridging the long lag time between when a new deposit is found and when it is brought into production.
Fields Of Green And Brown
There are two types of exploration: green field and brown field. Green field exploration refers to uncharted territory, where minerals are not already known to exist. Brown field exploration refers to areas where deposits were previously discovered. Not surprisingly, green field exploration is riskier and more expensive than brown field, but the potential payoff is much higher, too. (This exploration is similar to green field and brown field investments, which deal with companies choosing to build new production facilities or lease/purchase old ones.)Once a site has been selected, junior exploration companies then map the geological characteristics of the area in great detail. Geologists will use both on-the-ground analysis and remote sensing devices from the air to evaluate the physical properties of prospective ore bodies. Target areas are then chosen for more in-depth research, including ground-based seismic surveys and gathering samples to get a clearer picture of where to start digging.
Properties and Projects
The first place for investors to begin their research is to examine the junior's portfolio of properties and projects. It is important to understand the nature of each property, and to ensure the company has just enough - but not too many - projects in the pipeline. While it is easy to find reams of technical details and photos on a company's prospective reserves, translating all that geological mumbo-jumbo is tough for the novice investor. Here are a few things to focus on:
  • Location, location, location: Companies with projects or properties that are near currently operating mines - or mines that were once in production - are usually a safer bet than those with pure greenfield targets where no known deposits have ever been discovered. The added advantage of properties near known mineralization is that there is likely to be existing infrastructure, such as roads, water and electricity. This makes it easier and cheaper for a company to bring mines into production. Weather is also a factor. For example, the northern regions of Canada can suffer from a short exploration season due to severe winters, while in southern countries, such as Mexico, drilling can take place year round. 
     
  • Management, management, management: Most junior companies rely on very small management teams, yet the quality of the senior staff is arguably the single most important success factor. When evaluating management risk, ask yourself some important questions: Does the team include geological engineers with extensive experience in precious minerals? Has the team worked together in the past, and do they have a track record of finding the gems they seek? Can the CEO or President negotiate deals and raise capital? Exploration is a very chancy and capital-intensive business. The right management team makes a world of difference when it comes to gaining the confidence of investors in order to raise the funds and buy the time necessary to bring mines into production. (For more insight, see Evaluating A Company's Management and Putting Management Under The Microscope.)

    • Governmental and Environmental Regime: Not all countries or states are mining-friendly. Political pressures can cause governments to change their policies overnight, from one of openness to one with heavy restrictions and penalties. This is known as political risk. Junior companies that boast rich mineral reserves in a mining-friendly location with low governmental interference are good bets. Organizations such as the Fraser Institute rank the "mining attractiveness" of countries all over the world, and are a good information source for investors. (For more help measuring the risks versus the rewards, read What Is An Emerging Market Economy.)
    • Favorable Commodity Price and Supply/Demand Conditions: The outlook for share prices of junior mining companies can be volatile because these prices are closely related to the supply/demand and price characteristics of minerals. The key drivers of precious metal prices vary for each type. Gold, for instance, is both a commodity and an investment and its price is strongly affected by macroeconomic expectations, inflation, the strength (or weakness) of the U.S. dollar, and holdings of physical gold by consumers and central banks. For silver, platinum, uranium and other metals, different factors are important. Investors can turn to resources such as the World Gold Council, Gold Field Mineral Services, The Silver Institute and the World Nuclear Association to gain a better understanding.

ConclusionJunior mining companies carry more risk than senior mining companies because they explore for new mine deposits. At the same time, their shares are priced more attractively and offer significantly more upside. Investors can profit by selecting those juniors that appear most likely to discover and exploit first-rate reserves in the ground.Remember to look for experienced geologists and engineers, promising properties with historical mineral findings, favorable regulatory and governmental environments, constructive precious metals pricing and supply/demand conditions and strong management teams.







Friday, November 26, 2010

FNT - flying!!!!!!

:)
closed at 9.9 cents today!!!!!! more than 40% increase today!
will update later when i got a bit of time, very excited to see the volume and trades go through - interestingly, it takes some hours for the ASX news today to hit the share price - unlike more well known shares like BHP etc.....

Thursday, November 25, 2010

Nov 25:Venture Minerals owns one of world's largest undeveloped tin projects at Mt Lindsay

Venture Minerals owns one of world's largest undeveloped tin projects at Mt Lindsay
At a time when the tin price continues to outperform other base metals, Venture Minerals' (ASX: VMS) exploration drilling over the past three years has delivered one of the largest undeveloped tin projects in the world.
Following a major infill and extensional drill program in preparation for the company’s pending pre-feasibility study, Venture Minerals has substantially upgraded the resource  for its flagship Mt Lindsay Tin/Tungsten Deposit in North-West Tasmania, delivering a 28% increase in tin metal to 120,000 tonnes of contained tin and tungsten.

Significantly, over 75% of the previous inferred resource has now been converted to the indicated category (at a 0.35% & 0.45% tin equivalent cut-off).

Combined resources at Mt Lindsay now extend over a total strike of 3.9kms with a further 34 strike kilometres of skarn targets still to be explored.

With tin prices on the London Metals Exchange currently hovering around the $US25,000 per tonne level, with probable supply deficit conditions for the tin market, the timing of the resource increase at Mt Lindsay could not have been better. 

With the new resource base, Venture will gain a substantial platform to complete the prefeasibility study, and a catalyst for Venture to move to development and ultimately production and monetisation.

That today's resource increase at the Mt Lindsay Project has been delivered from testing only 10% of the Company’s skarn targets is all the more impressive.

Importantly, the mineralized zones at Mt Lindsay are shallow plunging, typically outcrop at surface, and average 15-20m in width, making them very amenable to open pit mining.

Venture currently has six drill rigs at site targeting down plunge extensions to the Main Skarn, No.2 Skarn, Stanley River South and Reward, as well as drill testing multiple exploration targets.

Following the recent capital raisings, Venture is now fully funded for ongoing exploration and feasibility studies with $28 million in cash.

Venture has now completed over 40,000 metres of diamond core drilling at Mt Lindsay over the past three years, including 13,000 metres in the past six months alone.

Mt Lindsay also has the major advantage in that the deposit contains significant co-products including 38,000 tonnes of tungsten (WO3), which would substantially increase revenues from any future production.

Following completion of the infill drill program, which focussed on the high grade tin and tungsten zones within the Main and No.2 Skarns, the company has seen a strong conversion of the resource base from the inferred to indicated category.

In addition Venture delivered exploration success from both the Stanley River South and Reward Prospects which saw additional metal added to the overall Mt Lindsay resource base.
Article highlight
That Mt Lindsay is now one of the world's largest undeveloped tin projects is impressive, however the size of co-products will significantly boost future production revenues. A 28% increase in resource base from less than 10% of targets is a portent of the potential project scale and revenue potential at Mt Lindsay.

Tuesday, November 23, 2010

China eyes Aust mining assets in Africa

China eyes Aust mining assets in Africa | News | Business Spectator
Chinese companies are eyeing mid-tier Australian mining groups with African operations as a method of obtaining valuable assets in Africa, according to a report by PricewaterhouseCoopers LLP.
PWC global leader mining Tim Goldsmith told Business Spectator that Chinese firms looking to move into Africa are turning to acquisitions of Australian and Canadian firms with holdings in the region.
“In terms of M&A we are seeing a recent trend of Chinese entities seeking control of ASX listed vehicles with African assets, or the ability to spin African assets into these entities," PWC said in the report.
"Chinese companies are increasingly on the hunt for targets that offer in-country experience and relationships with African projects.”
The PWC report found mid-tier mining companies with a market capitalisation of less than $5 billion recorded a 33 per cent increase in revenue to $11.3 billion for the year to June 30, compared to $8.5 billion lasy year.
A 23 per cent surge in metals prices contributed to the rise, as Chinese demand led to increased production and expansion by the mining industry.
“While there is still some uncertainty surrounding the impact of the Minerals Resource Rent Tax (MRRT) the mid-tier remains strong and ready for growth with cash balances accounting for 10 per cent of total assets during 2010, to be in excess of $7 billion,” Mr Goldsmith said in the report.
He told Business Spectator that M&A activity would continue in the industry, but that while this time last year the main driver for consolidation was survival, right now the key driver was growth.
"We always see consolidation in the mining sector and i think that will continue," Mr Goldsmith said.
The report said mid-tier miners are well-poised for growth in the future and many are planning investment into project development and expansion activities.
"While current market conditions suggest short-term volatility will persist, investors should be ready for a return to strength by Australia’s mining mid-tier.”

Sunday, November 21, 2010

Mining Rush in West Africa - CNBC.com (Cape Lambert Resources) CFE

 Mining Rush in West Africa - CNBC.com
Airtime: Thurs. Nov. 18 2010 | :40:0 10 ET
West Africa is emerging as a new battleground for resources, says Tony Sage, executive chairman of Cape Lambert Resources. He speaks to Mohammed Apabhai of Citi and CNBC's Bernard Lo, Karen Tso and Martin Soong about the company's recently acquired assets in the region.

Thursday, November 11, 2010

Noble Mineral Resources raises A$30m for drilling at Bibiani Gold Project

Noble Mineral Resources raises A$30m for drilling at Bibiani Gold Project
Noble Mineral Resources (ASX: NMG) has received firm commitments for the placement of approximately 77 million shares at 39 cents to raise $30 million to fund an extensive drilling campaign that is expected to result in substantial increases in reserve and resource estimates at its Bibiani Gold Project in Ghana.

The capital raising will be competed in two tranches. Tranche one will comprise the issue of approximately 44m shares and tranche two, comprising approximately 33m shares, will be issued subject to shareholder approval at an EGM to be convened at a later date.

The placement was undertaken by BGF Equities and Patersons Securities as Joint Lead Managers and reported strong interest from domestic and Asian based institutions. The placement closed heavily oversubscribed.

The proceeds will be used to underpin an aggressive exploration campaign at Bibiani, which will see up to five rigs operating at the same time, drilling as many as 55,000m a month for the next 12 months.

Drilling is expected to result in significant increase to current Resource of 1.98moz and Reserve of 605,000oz. Plant refurbishment is well underway with 90% of the strip out complete.

Bibiani is on track for first production in mid-2011, rising to + 150,000oz a year.

The first phase of this drilling campaign will focus on the west wall of the main pit which was initially earmarked for a significant cut back.

However, recent data compilation and subsequent remodelling, coupled with recent drilling from underground which intersected substantial mineralisation to within 300m of the surface, indicates that a significant portion of this area is mineralised and remains open.

Noble believes the strong potential for this region to be reclassified as ore represents a highly significant point in the re-development of Bibiani.

Under this scenario, the company will re-optimise the pit design, review its mining schedule and reassess other operational requirements to ensure it takes full advantage of what would be a substantial boost to the project’s life and economics.

Part of the proceeds from the share placement will also be used to fund infill drilling around known satellite deposits at Bibiani to enable this mineralisation to be brought into the resource-reserve estimate.

Noble is fast emerging as a major West African gold producer that will have substantial production with robust margins and significant exploration upside.

NOBLE minerals – Another GHANA GOLD producer in 2011??? (NMG)

NOBLE minerals – Another GHANA GOLD producer soon???? (NMG)


Summary
No of shares – 303m
Share price – $0.45
Market cap – $136m
Main Commodity – Gold
Country - Ghana

Having invested in PRU since it was $1.20 last year, I have done quite some research about Gold, especially Gold companies in Ghana. 
As of yesterday, PRU went up to $3.50, so has sort of risen a lot.....I don’t foresee it going up to $7.00 or more in a year time.....therefore.....time to find another PRU-like junior explorer......
In the process of finding that, we went through Adamus (ADU), Castle (CDT), AZM (Azumah) etc......and some of them actually have increased a bit as well.
However, stumbled across NMG (Noble Minerals) one day and really like this share as well.

Bought it on 30th September for average price of $0.342.

Some of the things that i like about this share is:
1.       150000 oz p.a production starting from 2011.
2.       Good geographical proximity to other big mines like chirano, ahafo etc.... (you guys can google Ghana Gold belt to find out the maps).  This means that it is very likely to find gold in that belt.
3.      
a.       Measured, Indicated and Inferred JORC compliant resource of 32.98 million tonnes at 1.87 g/t Au for 1,980,000 ounces
b.      Proved and Probable JORC compliant Open Cut Ore Reserve estimate of 8.4 million tonnes 2.24g/t
4.       Aggressive drilling campaign that is funded recently by share placements etc........means a resource upgrade is coming soon which will further increase the share price, and also help the company to prepare feasibility studies to advance the mine further.
5.       Bibiani – the gold mine is actually not a new mine, it has been mined in the past already by different companies, so it has confirmed gold deposits there already, plus infrastructure is pretty much fixed.
6.       Gold price is all time high......and will continue to be as long as USD is being devalued by all the money printing that they are and will be doing in the future.
7.       If you look at some of the trades that went through recently, they are pretty large trades which indicate to me that some big timers are in the game - yesterday there was one trade for 1.2m shares in ONE TRADE - that's huge....and a lot of trades that are for 500,000 shares in one go......make your own conclusions from there :)


Happy investing!

Irene


CFE (Cape Lambert Resources) - Stable and Growing Company



Cape Lambert Resources – Summary (http://www.capelam.com.au/irm/content/home.html)

Shares on issue – 625m
Share price now – $0.44
Market Capitalisation – $275m
Main Commodities – Iron (mainly in Congo), Gold, Rock phosphate and base metals.
Strategy - To acquire and invest in undervalued and distressed mineral assets and companies, and to add value to those Assets through a hands on approach to management, exploration and evaluation to enable the Assets to be monetised at a multiple. As Assets are monetised, the Company’s Board intends to follow a policy of distributing surplus cash to Shareholders. 

Why i like this company is the strategy....in the past this company has returned quite some cash dividends to the shareholders once it find a seller for its assets, in fact the first time I bought this share at $0.385 on 11 June 2010, I received a dividend of 7 cents fully franked dividend a few weeks later.  What was surprising is the share price actually rebounded back to $0.40 a few weeks ex-dividend!  Pretty good dividend yield for such a cheap share.  Since that first purchase i have continually topped up during the past few months. 
What was impressive is that they took over DMM only in August 2010 for around $55m and recently signed a contract to sell DMM for $83m plus royalty from the production.....NOT bad for such a short holding period....
Tony Sage as chairman has indicated recently in news that he wanted to grow CFE to be a company with a billion sized company (around 3.6 times current market cap) http://www.theaustralian.com.au/news/arts/mining-magnate-plans-his-next-role-hollywood-producer/story-e6frg8pf-1225949108880

DJ Carmichael had a buy recommendation and a target price of $0.80 in July 2010, and calculated the sum of parts valuation to be significantly more than the share price. (http://www.capelam.com.au/IRM/Company/ShowPage.aspx?CPID=2025&EID=10216652&PageName=Carmichael%20Research%20-%20CFE%20Buy%20Recommendation%20AUD$0.80)

DYOR (Do your own research) and let me know if any thoughts. J

Happy Investing!
Irene

Tuesday, October 26, 2010

List of FREE Websites that are helpful for Evaluating Investment and Reading up on news

List of FREE Websites that are helpful for Evaluating Investment and Reading up on news

Business News/Economic News:

Share Tables to download and analyse

Forums

Mining Standards:

Mining Study Courses

These are websites that i regularly have a look for reference and also keep up with news.  Of course, there is the daily AFR paper which just gives you a glimpse of what is happening. (which costs you a paper subscription fee, therefore I have not included it in the above list J)

Thursday, October 21, 2010

Investing and Gambling

This probably will be a post which there is not much analysis of stocks.....but just wanted to express something close to my heart – Investing and Gambling..
Stocks – A lot of people on the street when asked about stocks, will associate stocks with greed, Asian Financial Crisis, Global Financial Crisis, danger, speculation etc.
It is probably useful to go back to the original definition of stocks/shares......wikipedia gives a good summary in http://en.wikipedia.org/wiki/Stock

“The stock or capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors. Stock is distinct from the property and the assets of a business which may fluctuate in quantity and value.”

As we can see, stock is just the capital paid into the business......through the passage of time, it has evolved in a properly regulated and controlled environment where people can trade in shares.....then the invention of such things as options, derivatives, CDO’s, and all the exotic financial instruments.
I had many conversations with friends about the topic of shares and investing through the past few years.....most of them will say that playing shares is like gambling. Again, it is helpful to look at the definition of gambling.
http://en.wikipedia.org/wiki/Gambling

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period.

As we can see, one of the main characteristics of gambling is ‘uncertain outcome’. However, when you really think about it, isn’t buying insurance gambling as well? Let’s say if i buy life insurance this year, just in case i die or be involved in an accident, then my family will get a certain amount of money. So, in this case, I am paying the insurance premium to the insurance company (let’s say $300 p.a) to gamble against the possibility that i might die/be in an accident. So, is buying insurance gambling??? I know i’m muddying the waters here, but this is something that we should think about.......

Anyway, back to investing. For me personally, investing IS gambling if you have no idea about what your outcome is at all, meaning that you are CLUELESS about the outcome of your investment. It is a bit like roulette, where the possibility of the ball reaching a certain number is unknown. However, if you invest with knowledge, it is similar like buying a business. Say for example if you have $1m, and you want to invest in a Asian grocery shop in Melbourne. What will determine which shop will you buy? Obviously a normal person will do his due diligence and find out how much is the rental, how much profit they expect to earn, who is the customers etc etc etc. Therefore, once you do the research, you decide on the store to buy. Again, when you invest in the grocery shop, obviously you have no control on the actual outcome (100% certain), but you have confidence in the possibility of a good outcome. (probably 80% certain etc)
So, from the example above, we can apply that logic in investing as well.

Why am i posting this? Mainly to provoke people to think.....:) A lot of religions do ban gambling, and I have got my fair share of people telling me that investing in shares is what a christian should not do.....feel free to disagree with me :)

Tuesday, October 19, 2010

Portfolio Tracking


This is just the start of me tracking the performance of shares that i have currently. As you can see, I really like mining stocks. This is because it is the only sector where rewards await the faithful investor.....stocks can jump 100% or 200% or even more when you do your research and due diligence. Other sectors are easier to research, but the returns won't reach 100%

Venture Minerals – Another Undiscovered Gem? (VMS.AU)

Venture Minerals – Another Undiscovered Gem? (VMS.AX)
This outshines a lot of other minerals company on many reasons:
1.Safe Country – Australia has a low geopolitical risk as compared to other countries.
2.It is in rare minerals which our modern world require for all our modern gadgets. Nowadays it is widely used in telecommunications gadgets like phones , TV, car electronics, basically for all electronic parts that need soldering – TIN is needed.
3.Very few new tin mines found in this world now
4.Stockpiles of tin are running down quickly.....
5.World production of tin keeps on dropping since the peak year in 2005.......
6.As China and India wake up more or develop more, the demand of tin will increase
7.VMS has very very good resources now and only 10% of its mine in Tasmania is surveyed. Means there is still 90% more to explore. Currently its deposit is the 5th biggest exploration site of tin mines in the WORLD!!!! And as time goes by, definitely it will find more tin in its remaining 90% of its mining land.
8.It has not just one but two mineral discovered in its mining tenements. Tin and Tungsten, possibly silver!

Therefore, all this conditions point very favourably for a share price to revalue.
Have a look at some of the broker reports and news for VMS. Let me know what you guys think. :)
http://www.ventureminerals.com.au/investor_broker.html
http://www.ventureminerals.com.au/investor_news.html

VMS – Victory Marching Shares :) :) :)
Happy Investing......

Monday, October 18, 2010

Frontier Resources - Undiscovered Gem? (FNT.AX)

There are a lot of gold or copper companies..but most of them are expensive or have very big paid up capital ..like PanAustralia which number of shares issued is 2.9b !!! Or Equinox which is too expensive...more than $5 !!!
Let me introduce Frontier Resources which mines are in Papua New Guinea , outside australia but very near australia, which makes it easy to control and manage.....it also has mining land in tasmania. Its issued shares is around $188m, therefore having a market cap of $13 million! That is very small as compared to the other gold miners.
However, the most important is the mining land in Papua New Guinea which is the least explored area in the world and may contain one of the largest mine in the world as shown and discovered by a few other companies already...
There is a ASX announcement on 29 Sept 2010 about FNT.
The statement said that Ok Tedi Mining Ltd has conducted an major aeromagnetic and radiomagnetic geophysical survey on FNT's mine at Leonard Schultz which is situated very near Ok Tedi's giant copper mine in PNG. It said that the data and analysis will only come out in 2 to 3 months time !!!!! Ok Tedi will get 58% control on this site by spending up to US $12m and FNT stake will be reduced to only 42% !!!
Big amount of Gold and copper have been found thro' digging and trending methods.....FNT has
no financial resources as well as technical side to do the job alone. So..it is good to join venture with a very well established experienced cooper and gold miner to do this job. FNT has 4 mining sites in PNG. It already signed an agreement with Ok Tedi to join venture in its 3 sites of which Ok Tedi will get 52% stake and FNT will have 42%. FNT will have only one site with 100% control and this site is Andewa which also showed very promising gold/silver/zincdeposits and has the same composition of soil like Lihir Gold's island in PNG which is not far from this FNT's site !!!
Lihir gold island contains 45m oz of gold, one of the biggest in the world !!!
It is smart to join venture with Ok Tedi(PNG govt party has 30% stake) on its 3 mining sites to ensure a better chance of success in discovering gold/copper/silver in all its 3 mining sites. Ok Tedi will provide the financial and technical support thro' its personnel and helicopter services. Even-though its stake has been reduced to 42%, FNT share can still fly sky-high if they found big deposits of gold or copper there.
This company has very good chance of finding world class gold or copper mines in PNG which hosts some of the giant gold and copper mines in the world .just like Ghana !!!
So, hopefully, FNT will be another Sandfire which was 9cts last may..but now $7 !!!! or Karoon gas whose share price have sky-rocketed from 10cts to $7--$8 now !!!

Welcome

Welcome to Stocks Unleashed AU! the mirror page of all the things in Stocks Unleashed which belongs to my dear brother, but mine will be focused on Aussie stocks.

FYI, my brother's website is www.stocksunleashed.blogspot.com

It will contain analysis of stocks from myself and family about the potential rising stocks of ASX.

Happy Investing!