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AAU - Antilles Gold

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So_Cynical

The Contrarian Averager
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announcement in late September worth noting:


"ASX / Media Release
27 September 2011
PANTERRA GOLD’S PROJECTED CASH GENERATION FROM
DOMINICAN PROJECT PARTICULARLY STRONG DESPITE LOWER
GOLD AND SILVER PRICES
Latin American focussed mineral resources company,
(PanTerra Gold or the “Company
of its processing plant for the Las Lagunas gold and silver project in the Dominican Republic is progressing well and scheduled for completion.
Despite recent falls in gold and silver prices, the Dominican project is expected to generate over US$85 million of free cash flow between the first gold pour in March/April 2012 and the end of 2013."

Costs expected to be around US$312/oz.

Could be really interesting, no price action yet.
 
Yep, interesting. If the Albion Technology does work to plan then the Dominican project will make some pretty handy cash. Looking forward to seeing the first results.

I'm not quite sure how they are getting away with the projected Ecuador numbers. They are no where near even a JORC and they are reporting cash flows??
 
kennas said:
I'm not quite sure how they are getting away with the projected Ecuador numbers. They are no where near even a JORC and they are reporting cash flows??
Click to expand...

The reason is that the 'ore body' is high grade tailings. Given the previous mining/processing that has gone on there they know a) the tonnage of tailings there, and b) the expected concentration of gold (to quite narrow tolerances)

They would then need very little drilling/assay results to confirm this information and thus develop a resource.
 
Is that Ecuador, or the DR? I thought Ecuador was about the old workings and a feasibility done by the previous owners after a few rock chips and exploration holes.
 
kennas said:
Is that Ecuador, or the DR? I thought Ecuador was about the old workings and a feasibility done by the previous owners after a few rock chips and exploration holes.
Click to expand...

Sorry, you are right. When I read excited about cash-flow, I just assumed it was talking about Dominican Republic and Las Lagunas.

Ecuador (the Azuay project) is purely in scoping study phase, they never claimed a JORC resource, but they are estimating what could be achievable from what they 'know' about the region.
 
Movement with volume coming in. Not proven sustained yet, but watching now.



You can see that since the renaming from Envirogold, price action has moved favourably, yet slowly, however with production nearing and low recovery costs, it is perhaps becoming attractive.

I have also noted some small gold stock movement up with volume which may finally signal a turn around to the strong selling over the past months which have seen MC's come back to attractive levels. Whatever that means - but they are a lot less than before!

Noting stocks such as SLR, NMG, NST.
 
mr. jeff said:
Noting stocks such as SLR, NMG, NST.
Click to expand...

Aye I'm holding NST currently, this one looks pretty damn good. Will look for a pullback, though I'm not sure if there will be enough sellers for it. Give it until the end of the week maybe to see what's going on.
 
mr. jeff said:
You can see that since the renaming from Envirogold, price action has moved favourably, yet slowly, however with production nearing and low recovery costs, it is perhaps becoming attractive.
Click to expand...

Becoming attractive at 20c a share... personally i thought it looked pretty darn attractive at 4c per share a couple of years ago.

With the Novus take over completed they have some more ground in DR and the recent positive tax ruling is also a new positive, first pour getting closer....i really want 25 CPS for this and believe ill get it next FY as long as POG holds up.
 
Sorry, been out of the office and haven't checked but is the DR plant actually producing anything yet? Does the new technology bring up gold economically here?
 

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So_Cynical said:
Over 4 years in the making...the worlds first Albion plant...aint she pretty. soon to be producing gold and silver for a cash cost of less than 340 USD an Ounce (Au equivalent)....sweet.
~
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Looks very nice.

When's the first pour?

$340 an ounce will be an amazing achievement.Wasn't it a bit less than that not long ago?
 
Should get the first months production update shortly. No update on progress so assume all going to plan. Will be extremely interesting to see how she operates.

First ore throughput is scheduled for week commencing 7 May 2012.
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PGI trading at 12.5 cents last week...a very very tempting entry point one would think, considering the trading range top of 21 cents and all the fundamental positives.

POG looks to be consolidating now, the world is ending for the 4rd or 5th time since 2008
 
So_Cynical said:
Gold due to start flowing in May...ore stockpiling has begun, plant commissioning under-way.
~
Click to expand...

Yes, from a presentation in April:

Las Lagunas project scheduled to start production and generate positive cash flow May 2012
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"positive cash flow"

However, did I read that their plan was to make some sort of silver/gold giant ingots that had to be sent to Europe to be further refined, or something?

Sounded mighty bizaar to me.
 
At last report all was going swimmingly for PGI with no known impediments to the first dore pour. (not gold as we've expected but something that needs to be refined in Europe)

Suddenly, something didn't turn up, that seems to be important.

 Surely they knew this would be an issue?

First major X
 
With all the promises of 'production' they're still off the mark.

Todays ann after explaining the delay:

In the following week, the CIL circuit should be fully loaded and nearing gold and silver production.
Click to expand...

 
Encouraging that they're providing regular updates now and it looks back on track.

 
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