Bass Metals, der wirtschaftliche Produzent
| eröffnet am: | 25.01.10 12:16 von: | Nukem |
| neuester Beitrag: | 25.04.21 01:35 von: | Stephaniejocaa |
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..Thanks for your kind words. Don’t forget we are in this to make money i.e. a profit – so hopefully my team can deliver the success and share market value where it just becomes too compelling not to sell!!..
Wo endet das heute Nacht?
(gehört zu Alcyone )
www.asx.com.au/asxpdf/20101011/pdf/31t11gg1wry437.pdf
knaller Ergebnisse. Bass sollte nun in den Focus einiger Investoren rücken...
12.1 metres at 0.6 % copper, 4.8 % lead, 9.1 % zinc, 76 g/t silver and 1.9 g/t gold
Within a 30 metre zone of alteration 30 metres down-dip of the Fossey East discovery intercept
Second intercept confirms new high-grade massive sulphide lens
Fossey East is in close proximity to the Fossey Mine infrastructure currently in development
Exciting opportunity for Hellyer mine project to increase or extend production
There is a terrific sense of excitement around the Hellyer operations and Perth office following our recent strong exploration results (ASX Report 11 October 2010). The hits at Fossey East and Switchback repay the faith of Kim Denwer and his exploration team in the prospectivity of the Hellyer-Que area and my congratulations to them for their recent success. Obviously we hope that Fossey East will turn into something large – but clearly with only 2 drill hits we just do not know at this stage. However the mineralisation is open in all directions and with the top of the zone just 15 metres from the decline development it makes this a particularly attractive opportunity that we plan to fast-track.
Whilst Bass is excited, the market and media also appear “interested” given current share price movement and some interesting and supportive press – including commentary in The Age by Garimpeiro (aka Barry Fitzgerald), Bass Drill Hopes.
I look forward to providing further news.
Kind regards
Mike
www.bassmetals.com.au/aurora/assets/user_content/...%20Website(2).pdf
BASS DRILL HOPES
Polymetallic mines are nice to have when base and precious metals are rising, as theyhave been recently.
Bass Metals qualifies as a polymetallic miner because of its operations in north-west Tasmania which really get going later this year when its Hellyer mine project is commissioned.
It is capable of generating more than the group's current market capitalisation in net cashtlow over the next two years a situation reflected in the company's recent share price rebound from a low of 160 a share in early September to 244', on Friday.
Some decent exploration results hits are also helping, the latest being from the Fossey East discovery.
The market is hoping soon-to-be released results from other drill holes will continue to juice up its potential.
www.bassmetals.com.au/aurora/assets/user_content/...010%20FINAL-1.pdf
Conclusion
Review of the available documentation, visits to a number of BSM assets & discussions with BSM staff have shown BSM to be a successful mine operator & production company. Work completed by the Company in the last few years regarding the development & production from the Que River deposit through the use of the Que River Mining Alliance and sale of ore to the nearby Roseberry mill demonstrates this clearly, as it has provided the Company with a solid basis to move forward and proceed with its own milling & production from the Fossey ore deposit. The Company, its Alliance partners & site contractors have evidenced an intimate knowledge of the relevant ore deposits, geology, metallurgy, mining ability & technical capabilities of the Hellyer mill. Ongoing development work appears to be on schedule for a January 2011 milling start, with ramp up beginning shortly. The financial imperative for this project is compelling & it is impressive for BSM to have obtained & refurbished the Hellyer mill for such a low capital outlay. The current mine plan involves the staged production from the Fossey mine, Hellyer & Que River mines, with the additional processing of ore from the Hellyer tailings, resulting in a 4-5 year mine life based on current resources. VCL has undertaken a top level review of this mine plan, detailed in the model provided (pages 18 & 19), which demonstrates the viability & value of the proposed mine plan, with a NPV of A$ 104M (5% discount) & showing capital repayment within the first year. However, what this model does not take into consideration or show is the additional value retained by the Company, in terms of its hard assets like the Hellyer Mill & concentration facility, its exploration targets, or its potential for the recovery of gold from its gold bearing resources. With this in mind, it is important to note that in addition to the pipeline of poly-metallic ore deposits currently in the BSM portfolio, there are a number of very promising exploration targets currently being pursued, most notably the Fossey East & Switchback discoveries. Further assessment of the viability of operating a gold recovery circuit at the Hellyer mill will also provide further added value & opportunity to the Company.
Die Hauptprobleme sind zur Zeit noch die geringe Minenlaufzeit und der Wasserzufluss.
Der NPV liegt bei über 104 Mio., MK ca. 50 Mio., nicht eingerechnet die Hardware wie z.Bsp. die Mühle und Infrastruktur, die Liegenschaften und deren Explorationsaussichten vor allem von Fossey und Switchback und die Gewinnung der 1.3Moz Goldequivalent aus der Lagerhalde.
Bass hätte momentan noch Luft für eine Verdoppelung. Sollten die Unsicherheiten und somit die Risiken eliminiert werden, ruft das neue Großinvestoren auf den Plan.
Bestätigen sich die ersten sehr positiven Drill Results von Switchback und vor allem von Fossey, abgesehen von den anderen Liegenschaften, ein neuer Kreislauf zur Gewinnung des Goldäquivalents wird in Hellyer instaliert und includiert man das dann alles in das NPV bzw. MK, wird der/die sich vom jetzigen Niveau aus vervielfachen.
www.australianbusinessjournal.com.au/bass-metals/
Focus on the future
Rosenstreich attributes the success of his company to a “good team, a focussed strategy and managing for the downside, which means a right mix of technical and commercial skills. Getting into production quickly at Que River with high grades, resilient cash flows built up our cash surplus and enabled us to grow our assets whilst competitors and peers were cutting back.”
With what Rosensteich describes as “major growth in production profile in the next 12 months, with a new project (Fossey) coming on line” Bass Metals Ltd is set to be a $300 to $500 million market-cap resources business with two established operations and a third being developed.
All of this good news will allow Bass Metals Ltd. to get busy exploring. Being in a highly prospective area for large high-grade, high-value deposits, they will soon be filling up their mills with our ore.
Freitag, 22. Oktober 2010
Zink, Blei und Kupfer teurer
Die Preise für die beiden vor allem in der Autoindustrie zum Einsatz kommenden Metalle Blei und Zink steigen. Der Grund liegt in China: Dort wurde eine Zink- und Bleihütte geschlossen - also das Angebot künstlich verknappt. Der Goldpreis kommt dagegen zurück.
www.n-tv.de/wirtschaft/marktberichte/...er-teurer-article1768416.html
Trading Halt wegen einer Kapitalmaßnahme...
www.asx.com.au/asxpdf/20101026/pdf/31tcrgq8vtmlq6.pdf
Cash sollte doch reichlich vorhanden sein,
grade nach dem Deal mit RMB und den zusätzlichen 5Mio $...
Möchte mal an dieser Stelle auf HotCopper hinweisen, ein australisches Forum, wo es immer mal wieder interessante Diskussionen zu ASX Firmen gibt. Der Bass-Metals Thread ist sehr spannend zu lesen. Hier beispielsweise einige Spekulationen zur angekündigten Kapitalmassnahme: http://www.hotcopper.com.au/...;tid=1289000&msgno=5875013#5875013
www.bassmetals.com.au/aurora/assets/user_content/...%20to%20raise.pdf
www.bassmetals.com.au/aurora/assets/user_content/...MIning%202010.pdf
www.bassmetals.com.au/aurora/assets/user_content/...20Feasibility.pdf
www.proactiveinvestors.com.au/companies/news/...lity-study-11211.html
| A Growth Story |
Dear Shareholders & Spectators A significant couple of weeks for our company: Mine life issues:
Financing
Earlier today I presented to the Brisbane 2010 Mining Resources Convention. The key message to the conference was to address the perception of short mine life by stepping through all of BSM’s growth opportunities (Link to Presentation – A Growth Story). I consider that as we get close now to starting production from the Hellyer Mine project (HMP), and with “fair” market conditions continuing, BSM is gaining market recognition for its immediate cash flow potential as well as its near-term growth opportunities. We have recently made some additions to the team at Bass so we want to move ahead quickly on both exploration activities and the various studies to increase production; some of which, frankly have been dragging due to the focus on the HMP. However, it is for this reason that we undertook our recent fundraising initiatives; the silver hedge / $5M prepayment and the $3.55M placement (Link to $3.55M European Institutional Placement). What terrific opportunities they have both been. With the silver deal we locked-in record AUD silver prices for c.30% of our payable silver production and alleviated a tight working capital position due to the delay in production start-up to January 2011 announced several months ago. The placement associated with European institutions enabled us to “decorate” the share register; these are experienced resources funds/investors, well regarded and with medium to long-term investment time frames. The cash is an important supplement to our “free funds” position; that is money not required for HMP and general administration. During the ramp-up phase of the HMP our access to cash flow is governed by our banking covenants and the bankers (rightfully) require funds to be largely retained in a Proceeds Accounts to support possible unexpected problems or delays in starting up the HMP. So rather than wait until June 2011 to accelerate our growth activities we took the opportunity to improve our discretionary cash position and strengthen our share register. If we have real growth ambitions, and we do; then we need to strengthen our cash flow and mine life. But growth also requires capital and that is why we need a strong and diversified share register that is capable of supporting that growth. There is some further commentary on this in an interview with Mr. Andrew Jones of Boardroom Radio (http://www.brr.com.au/event/70508). Kind regards Mike Rosenstreich |
Diese Story muss einem Investierten nicht schmecken..
In Australien gab der Kurs schon mal etwas nach.
Und mal ehrlich, wären die letzten zwei Tage nicht vom Handel ausgesetzt gewesen, stände der Kurs jetzt sehr wahrscheinlich unter den 30Cent. Da waren die Märkte in Asien schon ziemlich rot.
Ich sehe hier bei rel. geringem Risiko nach unten sehr großes Wachstumspotential. Immerhin wird jetzt eine MK von +500M in 3-5 Jahren vorgegeben. Mal sehen welchen Weg Bass davon in den nächsten Monaten zurücklegt...