Ariana Resources: Going for Gold in "Turnkey" Turkey - 2010 Presentation

 At the beginning of January we presented a value proposition for Ariana Resources, the Turkish gold developer which has its sights on near term production through a 50/50 joint venture with Proccea a major Turkish engineering and construction firm.

We also noted that under the prevailing market conditions during  2009, the company elected to spend most of the year focussed on corporate and operational activities, putting on hold their promotional efforts until such time as the market would be more receptive and perhaps even even up for a punt!

So for Ariana's management, the new year kicked off with a presentation on Wednesday to the Association of Mining Analysts, which by all accounts was well received. The schedule of presentations and exhibitions is set to continue throughout  Q1( for a list of the events planned click here ) which also looks likely to be a period of active news flow.

However, for shareholders, there is one piece of news which is eagerly anticipated, and thats the  finalisation of the Proccea JV agreement, which will mark a transformational event for the company and will see Ariana firmly on its way to its goal of near term gold production in Turkey.

To view the latest 2010 presentation from Ariana , click here 

To view the Miningmaven value proposition on Ariana (03/01/10) click here

http://www.arianaresources.com/ 

This summary represents the views and opinions of Miningmaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation. All opinions expressed in this weblog are those of the author and should not be construed as being made on behalf of any featured Company.

Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.

All rights reserved. Users may print extracts of content from this blog for their own personal and non-commercial use only. Republication or redistribution of Miningmaven content, is expressly prohibited without the prior written consent of miningmaven. However, linking directly to the Miningmaven blog is permitted and encouraged.

Copyright © miningmaven 2009

Edison Gold Report 2010 - How to Value those Ounces in the Ground

As regular readers will know, when reviewing gold miners, we have often paid tribute to the Edison Research gold report from October 09. This report analysed 41 companies listed on the London market and provided a weighted average metric for attributing a value to their measures, indicated and inferred ounces in the ground.

This was the first time a report of this type ( directly focussed on  the value of ounces in the ground), had been seen during this market cycle and it provided investors with a very useful tool for research and reference purposes.

We are therefore delighted to see than Edison have now updated their research and expanded their coverage to include 132 gold companies (with a combines resource of 2 billion ounces) in each of the four major global mining finance centres - London, Canada, Australia and Johannesburg.

The new report is now able to compare valuations not only within, but also between the four major markets.

As far as valuations are concerned, the story hasn’t changed all that than much (that said, "indicated" ounces in London have had a bit of a filip - up from $30 to $159 per ounce!). But with the coverage now going Global, it will certainly have a much broader reach.

We think it makes for very worthwhile reading and if you appreciate the Edison valuation metric, you will no doubt find the extended cover even more relevent (you may want to link this into your favourites). The conclusions drawn should not come as any surprise either. As the report title suggests: Gold - Valuation Benchmarks are obsolete!

To see the full Edison report, click here ; Gold - Valuation Benchmarks are obsolete!

This summary represents the views and opinions of Miningmaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation. All opinions expressed in this weblog are those of the author and should not be construed as being made on behalf of any featured Company.

Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.

All rights reserved. Users may print extracts of content from this blog for their own personal and non-commercial use only. Republication or redistribution of Miningmaven content, is expressly prohibited without the prior written consent of miningmaven. However, linking directly to the Miningmaven blog is permitted and encouraged.

Copyright © miningmaven 2009

Shanta Gold – Going back to the seventies??

We spend a fair amount of our time scouring the mining and exploration sector to find golden nuggets or, more to the point, mining and exploration companies that have real potential value that is not yet fully articulated in a company’s market capitalisation. There are quite a few around, but it’s fair to say that some stand out more than others...

So this mornings news from Shanta Gold  (AIM:SHG) reminded us of another potential nugget in the rough and we thought we should make a few preliminary comments. We hope to find time to look more closely at Shanta Gold in the near future and bring you a full Value Proposition for the company.

Shanta currently sits with a JORC defined Gold resource of some 2.6million ounces. Within this 1,504,205 ounces are inferred, 633,693 ounces are indicated and 480,546 are measured (figures taken from the Shanta website click here for a direct link

Now at this very early stage we have two specific points to make and these are, we think, worthy of further consideration:

1. The resource covers three project areas and appears to be substantial and by all accounts capable of further material increase going forward. In particular the measured resource of 480,546 ounces interests us. We often draw on the Edison Gold sector report,  which suggested that, on average, measured resources should make up a value of $381 per ounce in the market capitalisations of Explorers. If Shanta were to be valued on the basis of $381 per measured ounce would equate to a capitalisation of $183million or £113million (that is £1.08 per share). We know that is a simplistic calculation of course and further analysis of resource geology, cut off grades, mining potential etc, are all required;

2. The company has, during 2009, stated an intention to develop mining operations within their exploration areas. In particular, in their 2.11.09 news release they note that a Mining Licence application has been submitted to the Zambian authorities in respect of the Chunya project. This announcement also notes an initial capital cost of just $5million for a gravity and carbon in leach ore treatment plant.

It’s worth mentioning that Shanta Gold reached the heady heights of seventy pence plus per share in mid 2006. Could it return to that level again? Perhaps. The measured resource theory above suggests this could be feasible. And the added bonus of potential near term producer status will be a major attraction for investors.

As a result we need to look a bit deeper and we suggest perhaps readers also research this stock sooner rather than later.

This summary represents the views and opinions of Miningmaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation. All opinions expressed in this weblog are those of the author and should not be construed as being made on behalf of any featured Company.

Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.

All rights reserved. Users may print extracts of content from this blog for their own personal and non-commercial use only. Republication or redistribution of Miningmaven content, is expressly prohibited without the prior written consent of miningmaven. However, linking directly to the Miningmaven blog is permitted and encouraged.

Copyright © miningmaven 2009

JP Morgan behind last weeks precious metals sell off?

Once again Ted Butler puts an interesting spin on what yanked this weeks precious metals trading so hard to the down side - $2 off silver and $50 off gold.

Could this have been a set up by bank shorts in the wake of the historic CFTC position limits meeting on 14th January??

A link to the webcast of the meeting is provided below; be warned its two and a half hours long and rather heavy going. The questions are a bit more interesting, when they start talking about precious metals around 50 minutes in…

http://www.capitolconnection.net/capcon/cftc/011410/cftc-archive-wmv.htm

In a nutshell, this CFT met on the 14th January to discuss the introduction of position limits (mainly affecting short positions) in the Energy markets on the COMEX , the outcome of which would also inevitably impact on the precious metals markets. At the moment the big banks are not limited in the size of the positions they can take, so with unlimited funds available to them, they can effectively swamp the markets with speculative shorts. Thats the theory anyway.

Do you buy the possibility that JP Morgan and a few other big banks actively work to suppress PM prices on the COMEX?? Ted Butler certainly does and according to him and many of his readers, President Obama’s speech last week was a clear call on big bank manipulation of the precious metals markets on the COMEX.

According to Ted, if you have to look for a reason as to why the precious metals we down sharply on the week, "you look to the Comex and you look to JP Morgan". Have a listen to the interview linked below to hear his rationale.

Ted butler is an internationally renowned Precious Metals analysts and has been researching the precious metals markets for over 30 years. His Butlerresearch LLc news letter has been going for many years in the USA.

Todays interview with Ted Butler on King World News is less than 10 minutes. Well worth a listen.

This summary represents the views and opinions of Miningmaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation. All opinions expressed in this weblog are those of the author and should not be construed as being made on behalf of any featured Company.

Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.

All rights reserved. Users may print extracts of content from this blog for their own personal and non-commercial use only. Republication or redistribution of Miningmaven content, is expressly prohibited without the prior written consent of miningmaven. However, linking directly to the Miningmaven blog is permitted and encouraged.

Copyright © miningmaven 2009

Jim Rogers - Commodities in a Bubble??? Are you crazy???

This is a great little interview on CNBC Asia with Jim Rogers. Watch his reaction to the suggestion that commodities are in a bubble.

Seems he is too much of a gentleman to tell the CNBC Anchor what he really thinks of that question!

Feel free to add your comments below.........Enjoy!






This summary represents the views and opinions of Miningmaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation. All opinions expressed in this weblog are those of the author and should not be construed as being made on behalf of any featured Company.
Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.


All rights reserved. Users may print extracts of content from this blog for their own personal and non-commercial use only. Republication or redistribution of Miningmaven content, is expressly prohibited without the prior written consent of miningmaven. However, linking directly to the Miningmaven blog is permitted and encouraged.


Copyright © miningmaven 2009