Re: Holding and hoping Yes indeed Maverick. Also the volume has picked up. I've been anticipating a decent rise into the expected PEA, so much so that I sold my SOU too soon (at 64p, it went to 96p a week later, ouch!!) and bought in here in 2nd week September so as not to miss it! On LSE the discussion seems to indicate that at very minimum MARL should be above 150p after the PEA shows the real benefits in cash terms of those ultra-high grades at Hot Maden. It seems that at last the overdue rerating is beginning.Exciting times!GLALTH
Holding and hoping Well I am holding and hope it can do a SOLG run.Nice to see a decent rise with a small spread for a sell.Looking good.Mav
Re: Great video Explorer & Developer Forum presented by The Denver Gold Group, Inc. on behalf the world's precious metal producersMariana Resources Ltd.Eric Roth, COO[link]
Lionel on LSE Rick Rule interviewFri 084mattybohh235: many thanks for posting the link to the interview with Rick Rule, which I repeat here[link] is always immensely useful to have outside objective views on the company's prospects. Rick Rule summarised Hot Maden as follows (verbatim): "Mariana had the very good fortune to acquire a project in northern Turkey; they acquired a very good private Turkish partner; they made a truly spectacular volcanogenic massive sulphide discovery last year; the grades are as good as anything we have seen come out of drill holes in the last 10 years."Great stuff. And as Samroy noted already, at the end of this short interview, Glenn Parsons refers to the potential of DOUBLING their 3.9 Moz resource estimate over the coming years... CordiallyLionel
Great video Gold at $2000-5000...In the first 2 minutes of the Canadian Business TV (BTV) [link] McEwan, former CEO of GoldCorp makes the case for gold at $2000 per oz by the end of this year, and $5000 in 3-4 years.
Re: Share price present and future Yes indeed, Ultra High Grade zone makes this project world class.There are other zones of course raging from 23g/t , 11/t , 6g/t and so on.my calculation it cost Alacer about $100 per tone to process tone of rock.If we applied that calculation to the whole of Hot Maden deposit all in costs would equate to $235.Of course, this is just my rough calculation....best to wait for the REAL numbers that willbe presented in PEA.[link]
Re: Share price present and future Pr0t0n,Your figures for Alacer make exciting reading. Their $759 multiplied by their grade then divided by MARL's grade would make MARL's all-in costs just $82, if (big 'IF' !!) all else is equal. The suspense of waiting for the PEA is even worse than for a 5-year-old waiting for Santa!!
Re: Share price present and future Pharma Brown ,I`d agree with you there Ultra High Grade zone is the key.MARL`S 2,476,000 AuEq @ 36.9 g/t equates to $1564 per tone.Compare that to Alacer Gold`s Turkish project @4g/t AuEq which equates to $170 per tone.Alacer`s all-in Costs2 are $759 per ounce AuEq[link]
Share price present and future I'm quite surprised how below-the-radar MARL currently seems to be, with tiny volumes and little liquidity. I would have anticipated that the price by now would have been rising strongly in anticipation of the all-important PEA. At this rate, if the PEA just suddenly appears and (let us speculate) tells us that it will cost less than $200 to produce an ounce of gold from our 30g/t main resource and with gold price > $1200/oz the profit will thus be in excess of $1000 per ounce (and 1.25 million ounces equating to $1.25 billion!!) then where will the inevitable price spike take us to? Does anyone have knowledge of how NPV should relate to Market Cap (albeit this being AIM)? With current market cap of only £66m on a mid-price of 55.5p and 119m shares in issue, we must surely be looking at many pounds per share and massive multi-bagger? Could this be like those amazing 4 or 5 days when REM moved up from share price of one-tenth of a penny to 2 pence at highest after it released its 'World-Class Lithium Resource' figures? Hot Maden is right up there at the top of 'World-Class' gold resource charts.PB - getting very VERY excited, 100% portfolio invested here!!
Re: Drill results Regarding drill results, MARL are in the hands of the operators Lydia. As a private company, Lydia has no need to produce public regulated news to shareholders, so MARL has been releasing drill results 'second-hand' periodically to meet AIM and TSX requirements. A year or more ago MARL were criticised (I think by Malcy) for publishing results well by well every few days, comment being that they were 'trying to ramp the share price so we could expect an imminent placing and dilution'! Since then they have been more careful to release drill news in bundles at greater time intervals. We are now into a phase of proving up the outer limits of the reserve, which means that a significant number of outstep drills will be outside the resource area and thus proving where the limit lies; and other drills are infilling, so although they have good grades they are not adding much to the overall picture except by increasing the database allowing for upgrading of indicated resource to the reserve category. What we long-term shareholders all want to know is if the 'new' resource areas are linked to the 'main' resource area; whereas I suspect Lydia's main priority will be to thoroughly define the 'main' area stepping it up to the reserve category and move to production there, knowing that more outlying resource can likely be found much further down the line when the main resource mine-life is shortening. For MARL to release a batch of results where many drills now lie outside the main area and thus show very poor grades or no gold at all, could give the wrong message to less-savvy shareholders. Since the work required for MARL's PEA is now completed, extra drill results are not a factor for the PEA but will affect only the JV Feasibility Study due in 2017. So in conclusion, the present absence of new drilling results is not, to me, a source of concern. All IMHO of course.GLA.
Re: Reminder - Extorre And in case you weren't aware, the CEO of Extorre was Eric Roth
Reminder - Extorre Extorre was acquired by Yamana in june 2012 in what was seen as not a great deal for Extorre. They got $404m for 1.4moz Au equiv when gold was $1600oz. Adjusting for $1300oz gold would give $328m. Marl has around 1m Au equiv so that would be be $234m or £180m which, given 120m shares in issue is £1.50 per share. This is the MINIMUM I see as an acceptable price for our share of HM. Hopefully the PEA will easily support this kind of valuation.Not sure how this compares with Reservoir Minerals - anyone done the numbers?
Re: Precious Metals Summit, Colorado Interesting that the PEA is now "October" not late September-early October as previously stated. Surely some drill results before that???
Drill results Whilst I agree that the PEA is likely to have a strong positive effect on the share price I am surprised by the long delay in announcing more drilling results. We know that a large drilling programme is underway and that it was suspended for a couple of weeks in July to comply with a presumably religious festival of some sort but 7-8 weeks has passed since then. Has anybody hear anything about the resumption of the drilling programme?