Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (29848)	1/16/2007 10:21:40 AM
From: LoneClone	Read Replies (1) \| Respond to of 78421

Still More Upside Potential for Mimosa By Gareth Tredway 15 Jan 2007 at 11:55 AM EST resourceinvestor.com JOHANNESBURG (I-Net Bridge) -- Mimosa, the joint venture Zimbabwean mine owned by Aquarius Platinum [LSE:AQP] and world number two platinum producer Implats [JSE:IMP], could eventually produce as much as 160,000 ounces of platinum per annum, according to Implats CEO David Brown. In financial year to end-June 2006, the mine produced about 72,232 ounces of platinum, and last week both companies announced a new expansion project to boost production to 100,000 platinum ounces per annum, or 195,000 ounces of platinum group metals per annum. No time frame was given on when the 160,000 ounces could be reached or how much capital would be required to do so. An expansion would make a larger difference to the smaller Aquarius than Implats. In financial year 2006, Implats’ half share of Mimosa contributed 3.2% to group net profit. In comparison, the mine contributed over 15% to Aquarius’s gross profit in 2006. The mine has showed steady increases in production through various phases of expansion over the years. In financial 2003 the mine produced 36,000 ounces of platinum in concentrate, with this increasing to 61,000, 67,000 and 72,000 ounces in the respective years following. Mimosa is a low cost mine, which helps it generate healthy margins. In the quarter to end-December, Aquarius said that Mimosa had generated a gross cash margin of 76%, the second highest of the group’s five operations. Aquarius’s growth strategy, seen as limited to around 600,000 ounces of PGMs earlier in 2006, has already grown to a potential 700,000 ounces in financial 2008, all through organic growth. The increase at Mimosa to about 320,000 PGM ounces from the 195,000 ounces Wedzi Phase V project recently announced, could add another 60,000 ounces of attributable annual production to Aquarius’s profile in future For Implats it will edge the company closer to reaching its production target of 2.3 million platinum ounces by 2010 and 2.8 million ounces thereafter. The rapid construction schedule of the US$23.2 million Wedzi Phase V project envisages completion in June 2007, with full production by July 2007. The South Hill deposit of Mimosa hosts Proven & Probable Reserves of 3.8 million ounces, Measured and Indicated Resources of 8.73 million ounces and Inferred Resources of 1.76 million ounces at a 1.8-metre cut. The North Hill deposit holds 4.06 million ounces of Inferred Resources at a 1.8-metre cut. Mimosa has an anticipated life-of-mine of at least 40 years. In June, Implats announced that its subsidiary, Zimplats [ASX:ZIM], had received security of tenure on its Ngezi operation in Zimbabwe for its long-term expansion plans to get to 1 million ounces of platinum per year. At the same time it was to “release” land, holding 36% of its total reserve base not required under this plan. © 2007 I-Net Bridge. All rights reserved. I-Net Bridge, Tel: +27-11-280-0644 newsdesk@inet.co.za.

To: LoneClone who wrote (29848)	1/16/2007 1:35:56 PM
From: loantech	Respond to of 78421

Thanks for posting. Jack be nimble jack be quick best not get caught by a hyping trick!

To: LoneClone who wrote (29848)	1/16/2007 1:45:26 PM
From: onepath	Respond to of 78421

"The odds, of course, are that the desired outcome will not eventuate, as fewer than one in a couple of thousand projects ever become economically viable. Given that fact, it pays to carefully consider ones position rather than getting married to the story or becoming a ‘stuckholder,’ sitting on dead money while other opportunities pass you by." The one out of a couple of thousand projects ever become economically viable part always gets me.Always quoted by Grandich as well.Would like to see their research.Not saying explorers are not risky but I have sure had a number with projects that became economically viable and i do not own thousands of jnrs.Maybe a little myth here.

To: LoneClone who wrote (29848)	1/22/2007 7:44:47 AM
From: siempre33	Respond to of 78421

posted by i2 @ SH....fwiw...and it's been posted on 9 different boards there.... "hear that the prospector who holds the lands adjoining the NORONT (V.not)property has been flooded with requests from numerous companies wanting to buy the claims...turns out he has a friend in the exploration business and that he is going to sell to this friend.. I hear the deal is being worked out..the properties will be vended into a Tiny CAP Venture exchange company that trades at only $.15...this company is also spinning of a new company (with an awesome property and financing already in place)and giving current shareholders stock in the new company..(almost $.10/share as stock dividend)...ITs going to make for the UNDERVALUED find of the year...... I can give you the company name if you inbox myself....its really a no lose situation currently...I'll give you the name of the company, and contact info to their IR people...and you can check them out yourself and decide what you want to do...send me an inbox and I will give you the name..I am still tryng to buy it on Monday so I dont want a big rush until I have my order filled"