The following is a reprint of an evaluation that Derek Fisher did on the Arian transaction as it compares to AAU (proven oz.).
ARIAN //AAU
Bema paying 10 million sh@$3.50
for 79% of 563,000 oz.= 445,000 oz.
proven resource
US$80 per oz.
Values Taseevskoe @ 57,000,000 or $0.60 per sh. on proven
Alternatively if you include possible oz. you get the following:
Total 974,300 oz or 79% equals 769,700 oz. or $46.50 per oz.
Values Taseevskoe @$184 mill or $1.90 per share
Comments
Arian has completed Gov't permitting
AAU is advanced in its negotiations with Gov't.
Arian has finalized debt financing
AAU has offers of financing from banks subject to feas. results.
Julietta Deposit /// Baley Deposit
Au, Ag /// Au
Reserves 538,000t @ 32.55 g/t // Reserves 3,130,000 @ 7.09 g/t
445,000 oz. // 713,450 oz.
Resource 600,850@ 21.29 g/t // Resource 21,770,000 @ 4.6 g/t
411,300 oz. // 3,219,600 oz.
Ownership 79% // 100%
Location
NE Siberia, north of Arctic Circle // Southeast Siberia
Infrastructure
None // Est. mining community, power grid, railway
Feasibility Study
Davy, complete // Davy, June completion
Mine
Underground // Open pit
Capital Cost
US$70 million // US$40 million
Operating Cost
US$119/oz. // US$144/oz.
Production
96,000 oz/year // 95,000 oz/year (est.)
9.3 years 6.2 years
Financing
barclays, Standard Bank- finalized // Being negotiated
P.S. Don't forget the copper.
Ross Orr
P.S. Sorry about the columns running together but I am not that proficient to present it otherwise. Obviously the double slashes (//) separate Arian data versus AAU data. |
