Member Info for ardtole

minco have two projects in Canada, Buchans and Woodstock. There is a 2100m drilling program taking place at Buchans, at present. The results from this drill are expected around June 16-19 approx. In Oct 14, the results of a similar exercise of only 500m, seen the sp spike to 4.5p and most of the long term investors here would be expecting a similar scenario again. Minco's other Canadian project, woodstock, really is the game changer, they completed a PEA there last year, and it is a huge project with a possible life span of 70years. To take it to Pfs and fs would cost ($20m) way beyond what Minco could afford. There was no news from Woodstock before yesterday since july last year. Whatever deal Minco broker here will be signifigant, Last week I posted a comment, news from Buchans will give us a payday, news from woodstock will be the jackpot. If you were to invest money on monday, buchans would be your guarantee profit, further news from Woodstock could be anything. Look into it yourself I just gave u a very basic insight into the two canadian projects.

that to date only the plymouth deposit has been explored by Minco in the Woodstock region. Hartford North and Hartford South have yet to be explored in detail so the true value of Woodstock to date is unknown. I wouldnt be disappointed to see a sale of the plymouth deposit and have finance available to explore further the two hartford deposits and buchans. Ive no idea how likely or practical that scenario is however.

I thought the sp would spike to 4/4.5p with news from buchans alone. If we get news from woodstock after buchans rns, things will definitley get interesting. No news from woodstock since July last year before today, hopefully the chinese report or investigation into woodstock is near completion, I dont think it would have been mentioned today if a deal was not already close to completion.

10p might be on after all. Two weeks time we will get a kick up from buchans, if they can back that up with news from woodstock we could be in business.

No definite date but news expected mid June, between 16-20 would be my guess.

I prefer your scenario tmpocket lol

I could see it spiking at 4/4.5p, similar to October last year but falling away quickly also similar to last year. There never seems to be news to back up a rns or drill results, we get the spike but no consolidation or further news to support the sp. Maybe this time will be different but with further drilling programs planned for buchans I dont think we will. The pennines seems to be in lockdown, and woodstock seems to have reached a stalemate, whereby we dont have the resources to fund a pfs and the PEA we do have, does not seem enough to entice outside investment. We have no timetable for buchans for future drilling plans, no schedule that will give us an indication of when they might begin production. There is very limited information on the recently purchased properties adjacent to Lundberg and how likely they are to contribute as feeders to the main mine at lundberg. There are a lot of questions that we have no answer to and the communication between board and shareholders is almost non exsistent, typified particulary by the timing and location of the most recent agm.

Are you expecting 6p from the Buchans results alone?

I think 6p is a bit optimistic without news from Woodstock. Id estimate a similar spike to the last drill results from buchans approx 4/4.5p. If we get news from woodstock as well it could be a lot more. We havent heard from woodstock since 07/14, so hopefully we get a double hit.

Hopefully just the quiet before the storm

I dont expect to hear much from the pennines to be honest. Buchans is the banker in the short term and I think will lead to a similar spike last october approx 4.5p. We havent heard from woodstock since july last year, if we were to get details of a jv or sale from there the sp could go anywhere. The Dalradian investment is looking increasingly attractive by the day. In a sentence id say, Buchans could give us a payday, further news from woodstock could give us the jackpot.

as tmpocket suggested, investors are taking positions in anticipation of drilling results from buchans in 3/4 weeks time. Possibility of news from woodstock regarding a jv or sale would be an added bonus and dalradian stake is looking better value each month

the tide is turning in our favour.

thanks weissy. hope it works out this time round.

5 weeks until we hear results from buchans which should give the sp a real lift. Im also expecting news of a jv at woodstock sooner rather than later. I am thinking that there must be some interest from the chinese regarding this project or Minco would have planned further drilling in working towards a pfs. We havent heard from woodstock since july '14, the next news from there is critical.

After a very quiet 6 months, between now and september could get very interesting.

I think its fair to say this project is key in the immediate fortunes of Minco. If the Chinese are interested we should hear sooner rather than later. Im thinking the fact that no further drilling is being planned, in the short term, means that the current results and data is enough to keep our suitors interested. I was hoping to hear a bit more information on Buchans, it was suggested that they propose lundberg as a stand alone mine, and the adjacent properties to serve as feeders to it. Prehaps after the spring drilling program we will get a clearer picture of their long term plan for the whole project, either a jv or sale?

Hopefully regarding woodstock they are keeping their cards close to their chest.

is on mincoplc.com webpage.

Im happy enough to see the pennines put on the long finger for now. We have $6m in cash and the majority of it will likely be used on buchans and woodstock. Unless we get an offer for our dalradian stake or a sale or jv for woodstock or buchans, id prefer to concentrate on our two main projects.