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Buchans - Newfoundland Buchans advances Lundberg towards pre-feasibility 2012/13 Minco Program & Upgraded Resource Minco launched the pre-feasibility program by completing a 58 drill hole program comprising 8,184 metres between July and October 2012. On March 4th, 2013 Buchans announced that a new resource estimate for the Lundberg base metal deposit in central Newfoundland has successfully upgraded the majority of the previously estimated Inferred resource of 21.82 million tonnes as well as increased the overall tonnage to an Indicated resource of 23.44 million tonnes and an additional Inferred resource of 4.31 million tonnes. Warren MacLeod, a Director of Minco stated: “We are pleased to have successfully upgraded the deposits’ Inferred resources to the higher confidence, Indicated category while also increasing the project’s overall tonnage. The Indicated resource now opens the door for completion of a revised mining plan and detailed metallurgical studies leading to completion of a pre-feasibility study to determine the viability of developing an open pit mine.” The following table presents current Indicated and Inferred resource tonnages and grades for the combined Lundberg and Engine House zones. The zones are comprised of sulphide vein-stockworks and disseminated sulphide mineralization associated with a previously mined volcanogenic massive sulphide (VMS) deposit known as the Lucky Strike mine. The Lundberg and Engine House zones extend to surface beneath former surface and near surface workings of the former Lucky Strike, high-grade, massive sulphide ore body.
People chase basket cases in Africa that end up with ridiculous valuations on hot air and puff yet companies like Minco that no ones heard of late have massive assets that hold no value in their market cap. New Brunswick--NPV $845m CAD. Minco Announces Positive Economic Assessment on Woodstock Manganese Project On July 10, 2014, Minco announced the completion of a positive Preliminary Economic Assessment on its 100% owned Woodstock electrolytic manganese metal project located 5 km west of the town of Woodstock and the junction of the Trans Canada and I95 Highways in west-central New Brunswick. The Preliminary Economic Assessment (“PEA”) indicates a pre-tax Net Present Value (“NPV”) of CDN$846 million at a 8% discount rate and a pre-tax Internal Rate of Return (“IRR”) of 17.97%, based on a 3,000 tonne per day (“tpd”) open pit mining, hydrometallurgical and electrowinning operation, with a pre-production capital expenditure of CDN$864 million and average annual payable production of approximately 80,000 tonnes of electrolytic manganese metal. The PEA was completed by Tetra Tech (“Tetra Tech”) and Thibault & Associates Inc. (“Thibault”) and is compliant with National Instrument 43-101 (“NI 43-101”) based on an updated NI 43-101 compliant mineral resources estimate prepared by Mercator Geological Services (“Mercator”). The PEA’s base case indicates a long project life of 40 years with operating costs anticipated to be the lowest in the world averaging US$0.64/lb of electrolytic manganese metal (“EMM”) produced over the first 20 years and US$0.68/lb EMM over the life of project
I would suspect 3p is about the level to buy up to. Then hold till deal completes. Look at the MIO assets, when relisted and trading on the TSXV they should be at least $20mCAD. So from these levels for those with a patient outlook of a few months I predict a 100% return from these levels. In the future lots more, right assets, right metals and right place.
Like graph says 5,6 7p look at Mincos assets ;-)) Awesome find this. surprised it's not 5p now
Thanks Graphite SO, where could this go ? Do you reckon around 3p by the end of the month? I know some people say you shouldn’t predict SPs.
Thanks Graphite your a star. Didn't spot this but shares in DARL, & Minco , I'll have that all day long ;-))
DALR will soon have some more cash and a likely big share pricing boost of confidence on the back of this. http://www.midulstermail.co.uk/news/business/dalradian-ship-15-000-tonnes-of-tyrone-gold-ore-to-us-1-7856404 Thats c£3.7m pounds worth at around 8-9g per ton. Given it arrived on the 22/2 and it will take a month to process times nearly up and a RNS is likely. Total proof of concept of the mine will be expected. With gold performing well I would not be surprised to see DALR firm up making this offer very appealing. ------- Dalradian ship 15,000 tonnes of Tyrone gold ore to US 'A shed full of gold ore' extracted from the Sperrins by Dalradian Gold SHAUNA CORR Email 12:52Wednesday 08 March 2017 1 HAVE YOUR SAY Dalradian Gold has shipped 15,000 tonnes of high grade gold ore from its mine in the Sperrins to the US to be smelted down and sold. A report in Washington State newspaper The Olympian said on February 22 that a shipment of gold ore from Northern Ireland was due to arrive on Friday, February 24. “The customer is Northern Ireland’s Dalradian Gold Ltd, which loaded the ship Trinity Borg with 15,000 tons of the stuff,” the story said. It went on to explain how “ore will be unloaded into dump trucks” before being hauled “to its final destination: a smelter in the Eastern Washington community of Republic” - a job expected to take 42 workers a month, day and night. Read more at: http://www.midulstermail.co.uk/news/business/dalradian-ship-15-000-tonnes-of-tyrone-gold-ore-to-us-1-7856404
Some sums over in Advfn. Buy 100,000 Minco for 2 Grand (2P a share) and also get 2430 Dna shares (todays SP is near 80P) worth 1944 Pounds. For every 3 Dna shares for the shareholder the new company will get 1 Dna share. By any calculation the SP should be a minimum of 4P just now and should be heading for 6 or 7p over the next few weeks.
But always rejected today. Big spread and nothing around. Always tomorrow!!
Gone above 6.36% in DALR. Anyone who wants exposure to a very well thought of advanced gold play in DALR would be better buying this and getting a BOGOF for a Minco share also.
MM games? not the first time
more buys than sells and down over 15%. not the first time either.
I know a big jump yesterday, guess patience is the ley with this share, but good to see above 2s
Weissy and Ardtole, Hope you guys are well and looking forward to a big spend. If you need any advice just call. See, I woz right all along, wozen't I, so I woz, so I woz. This looks like a super deal after a long wait. I think the BOD played a blinder with patience being a major contributor. Tremendous choices now with a leg in both comps. Dna has fallen back a bit lately (suited us) but I reckon they'll at least double or treble in the next 12 months as planning comes through so hang on to some of them at least.
Over 1m. Sellers mugged off.
No wonder couldn't buy!!!
I would say the opposite. Buy more and almost get what you had yesterday at this time gifted to you for nothing.
Probably those who bought in at 1.36 realising their profits which is fair enough but not great for those who have been here a while!!
Yet some halfwits are dumping at 2p. Sell some more please.
...
2p is a gift imho DYOR
What potential do you see here? Been here for a while and was so happy to see the boom yesterday. Just want momentum on our side to see tthis rise again.
Pretty even on sells and buys but still 8 percent down they do play games this has so much potential just needs to be realised
Too many sells at the mo, unless MMs are playing silly games to get rid of weak PIs. I hope it is the latter
now back to the buying