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     mum
Member
Username: mum
Post Number: 186
Registered: 08-2005
Rating: N/A
Votes: 0
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| | Friday, November 16, 2007 - 01:52 pm: |  
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I would like to start a thread on how to interpret mining results.
What % are good results for each mineral and what depths are considered good or bad. I have hunted around but can't find any answers.
If someone knows of a book or web site, great.
Gold.
I believe 10g/t is a excellent result and 5g/t is ok. What depths are except able ?
iron ore ?
Zinc? and so on
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captain_chaza
Member
Username: captain_chaza
Post Number: 2832
Registered: 02-2003Rating: N/A
Votes: 0
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| | Friday, November 16, 2007 - 04:57 pm: |
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Ahoy Mum
That's a good idea !
However from my limited experience only Officer Rederob has the slightest of clues
He works on 1 or 2 or 3 months delayed fundamental data
It seems to work for him
What can I say?
Our dear Friar works with 7 or 8 or 9 month Fundamental data
It seems to work for him
What can I say?
How quickly after these antiquated datum is released do you need to assess these figures
Perfection in this art of figures is as rare as hens teeth and flying pigs
Salute and Gods' speed
PS IMHO Officer Rederob is your best and only bet
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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dug
Member
Username: dug
Post Number: 2604
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Saturday, November 17, 2007 - 03:16 pm: |
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there's too many If this Then it Could mean that in Mining Announcements for me to follow,Belinda.
Especially when first released.
You just have to watch how it Goes Over after any Trading Halt lift.
I have seen THX at 17 cents get a news break halt intraday,trading only 17/20 for some hours and then a 3pm hit taking it to 25ish.
There was a Lull,do you follow "mum"?
A Lull that took some impatient holders out thinking
the Announce isn't doing much Chop,so they sold at 19ish nervous-like only to have THX go at least 30centish following days.
so to conclude it seems like a really excellent bit of knowledge to gain about grades in Mining Announcements but seems it's defined by particular situations
this goes with that sort of thing
Complicated and even if you CAN
May Not Do ya all that much good.
r2r is the Only One here to ask Definitively.
just send him an email,he's not an Ogre [like some of us!!]
cheers bell.
Even 'til Jaded.
Dig for the sake of it.
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mum
Member
Username: mum
Post Number: 188
Registered: 08-2005
Rating: N/A
Votes: 0
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| | Saturday, November 17, 2007 - 06:11 pm: |
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Well hours later and having scanned many forums I have found a bit of info. Not sure if its true but interesting never the less.
If any of this is wrong I stand corrected. Emailed journalists
in the know so look forward to replies (if i get any )
Platinum and Palladium are horrible to process and take 6 months to process a ton. Need massive amounts of capital
Nickel laterite is expensive to process
Sulphide nickel is easier
Gold
low grade 3g/t
good 12g/t
Copper
low grade 0.5%
good 2%
Nickel
low 2%
good 8%
Silver
low 25g/t
good 100g/t
Uranium
low .035(300ppm)
good .12%(1200ppm)
Iron ore , we want the haemetite rather than the magnetite
Then, how deep do we have to dig. Found nothing on this yet. Hopefully RR will breeze in and help and correct if needed.
Its getting more complicated, if the rock is very hard then you would need tons more to be profitable than softer rock : (
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philr
Member
Username: philr
Post Number: 305
Registered: 04-2004Rating: N/A
Votes: 0
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| | Saturday, November 17, 2007 - 07:27 pm: |
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mum
Very interesting keep up the good work.
Phil
** Let blockheads read what blockheads wrote.
Warren Buffett
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rederob
Member
Username: rederob
Post Number: 2308
Registered: 10-2002Rating: N/A
Votes: 0
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| | Sunday, November 18, 2007 - 11:56 am: |
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hello mum
There are no shortcuts to fundamental analysis.
The very simple bottom line is working out if the cost of mining will be well covered by sales.
It's therefore possible to mine 1g/tonne gold in a low cost environment and still come out ahead: You can check out EQI to confirm this - in fact most of their resource base is under 2g/t yet the company has paid dividends for many years now.
My advice would be to throw away rule books and look closely at what companies say they can do with what they have found. Then compare those results with peers, if any.
I mean no disrespect to what you have uncovered, but I would not rely on any of it.
For example, nickel laterite may be expensive to process, but the resource base of cheaper sulphide deposits is quite limited and will not meet global demand in years to come. Minara has a 40 year reserve base at around half your "low grade" number: Compare it to others in the field.
Silver is typically a mineral byproduct, so the idea of trying to pick a silver miner on the numbers you quote would be folly. Macmin is an excellent example of a (pure play) company with significantly better grades than quoted that struggles in the marketplace.
Your numbers on uranium might suggest that Cameco's Cigar Lake project - with grades of about 21% uranium - would be quickly brought to market to take advantage of high spot prices. Try as Cameco might, Cigar Lake is a mining nightmare and at earliest this project will have deliveries to market in 2011. My point here is that even when the figures look exceptionally good, other considerations can drastically affect proposed mining operations (do you think we will ever drill for oil on the Great barrier Reef?).
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mum
Member
Username: mum
Post Number: 192
Registered: 08-2005
Rating: N/A
Votes: 0
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| | Sunday, November 18, 2007 - 12:45 pm: |
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hmm good grief. I need to work for a mining company!!!
"Might help for a quick trade if the numbers sound ok at first glance" she says, grasping at straws
Thanks for your help RR
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mum
Member
Username: mum
Post Number: 195
Registered: 08-2005
Rating: N/A
Votes: 0
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| | Friday, November 23, 2007 - 04:24 pm: |
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My" Australian" journalist emailed back and is in the process of writing a book and hadn 't thought about this and will add some basic stuff for people like me : )
Come on someone , what else can we scratch up. I want info to short term trade news
I have been told 200m is not that deep for gold but what about other metals ?
Finding this kind of info is like finding hens teeth, hard work
I'm now reading "investing in Aust mining and resource stocks" but not much help.
We need to know the management of these pennies cos some are renowned around the traps for being , well less than truthful. I have noticed these companies regularly put out an announcement and then in the next few days the directors sell a pile of shares. This freaks out the traders,
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hilarius
Member
Username: hilarius
Post Number: 3240
Registered: 04-2004
Rating: N/A
Votes: 0
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| | Friday, November 23, 2007 - 04:30 pm: |
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Mum
Maybe we need a Directory of Mining Companies which have delivered consistent shareholder value ... and whose directors have a trustworthy record
Then the rubbish can be ignored?
Hilarius
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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captain_chaza
Member
Username: captain_chaza
Post Number: 2854
Registered: 02-2003Rating: N/A
Votes: 0
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| | Friday, November 23, 2007 - 06:10 pm: |
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Ahoy Mum
If you can't find Fundamental Analysis here on IC I don't know where to send you?
Maybe you will need to get a degree or 2 or 3 and earn those many letters after your name for yourself?
In the mean time I suggest you study the Long Term threads with their conceptions of Fundamentals
They mean well But! HEY!
"Why do we need the latest information anyway" they say
"It will take me weeks to work out"
They are just TOO busy doing nothing as if Nothing is the goal
"Crikey! Maybe it is??"
Salute and Gods' speed
(Message edited by captain_chaza on November 23, 2007)
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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mum
Member
Username: mum
Post Number: 196
Registered: 08-2005
Rating: N/A
Votes: 0
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| | Friday, November 23, 2007 - 07:22 pm: |
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umm, I don't want to analyze the figures too much, just want to work out what the traders like to hear.
Look at FDL, joint venture with FMG i suppose is what made it fly
Another nugget.
I have found 2 mining magazines you can get in some newsagents
Paydirt and Resourcestocks
Found this
Quote Breakaway CEO," you need a 5m budget to seriously explore for new nickel projects, so you need a float of at least this
Another area we could research or I could research : ( is who is next to who, eg MDX is right next to IRG so any results from them will effect MDX.
Anyway, I'm prattling on with all this basic stuff. Can anyone tell what is spudding a well means for oilers.
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rockon
Member
Username: rockon
Post Number: 238
Registered: 08-2003Rating: N/A
Votes: 0
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| | Saturday, November 24, 2007 - 06:51 am: |
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Hi Mum,
Just stumbled onto this site. Plenty of reading material for everyone.
http://www.kgs.ku.edu/Publications/Oil/primer12.html
Cheers.
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dug
Member
Username: dug
Post Number: 2694
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Friday, December 07, 2007 - 12:18 pm: |
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