18/11/11 10:51 (View) Back Post Reply
(0)
Options:§
System
Post #: 7427424
Price at time of posting: 5.3c
full width | single post
A new announcement has been released for BYR
Summary: Mansounia Drill Results Reveal Extensions
Announcement number: 567275
Release time: 11/18/2011 10:50:00 AM
Price sensitive: Yes
To view this announcement please Click here
For more announcements from BYR Click here
The full text of each announcement is available 20 minutes after release time. You can choose to see announcement posts live or when the full text is available by changing your user preferences in the My Account section. You can also filter based on price sensitivity.
18/11/11 11:10 (View) Back Post Reply
(0)
Options:§
System
Post #: 7427581
Price at time of posting: 5.6c*
full width | single post
A new announcement has been released for BYR
Summary: Mansounia Drill Results Reveal Extensions
Announcement number: 567275
Release time: 11/18/2011 10:50:00 AM (this announcement is viewable now)
Price sensitive: Yes
To view this announcement please Click here
For more announcements from BYR Click here
The full text of each announcement is available 20 minutes after release time. You can choose to see announcement posts live or when the full text is available by changing your user preferences in the My Account section. You can also filter based on price sensitivity.
18/11/11 18:04 (View) Back Post Reply
(0)
Options:§
Leroy23
Post #: 7430202
Price at time of posting: 5.1c
In Reply to msg: #7427581
IP: 124.191.xxx.xxx
Sentiment: Hold
Disclosure: Stock Held
Views: 162
full width | single post
OK I will risk it and break the ice. Any thoughts on results, didnt get any reaction so assuming very average, again???
18/11/11 19:33 (View) Back Post Reply
(+3)
Options:§
raiderup
Post #: 7430527
Price at time of posting: 5.1c
In Reply to msg: #7430202
IP: 180.216.xxx.xxx
Sentiment: None
Disclosure: Stock Held
Views: 155
full width | single post
At the risk of stating the obvious Leroy,we know its a low grade deposit,these new results merely proveup and extend what was already known.
Keep wallowing in the angst Leroy.
The key points to me are,the previous scoping study was predicated on a gold price of US$940 per ounce.
Not quite sure what this is code for" The preliminary scoping study results at the time indicated that there may be potential for the viable development of the MGD should a low cost treatment process be availed" or an increase in the gold(then around US$940 per ounce).
Todays price $1,729.00
Given that two of BYRs directors are also on the pru board,who are a full bottle on LIC treatment plants,for low grade resourcesI know buggar all, but the only addition would be HPGR,which they say should be used for low grade ore improvement.
What could possibly delay this project further than the next quarter,not alot IMHO.
Its time for the management team to step up to the plate and get this project moving.
So what are the options
1, a tolling operation through SEMAFO
2, A stand alone CIL operation-how is ths funded?
3,Sell to SEMAFO,they are right nextdoor.
4,do nothing and let pru pick it up at a firesale price.
I wonder had the overall market not been down ,would the SP have jumped,I say probably.
Raider
21/11/11 07:46 (View) Back Post Reply
(0)
Options:§
Welkin31
Post #: 7433634
Price at time of posting: 5.1c
In Reply to msg: #7430527
IP: 121.91.xxx.xxx
Sentiment: LT Buy
Disclosure: Stock Held
Views: 126
full width | single post
[1] These Mansounia results should improve the project to some extent - particularly the scope for depth extensions. It would be nice to see the cross sections they refer to quickly at the top of page 5 - but I can not find the sections on their web site. After past disasters surely PRU people have been all over these results - must have approved the wording used.
[2] The Magnificent Prospect might have been optimistically named. But that is min exploration - tough game.
[3] On another subject - I just looked for the Balatindi cross sections - could not find them at;
www.bureygold.com/pages/kerouane-project
was I at the wrong page ?
In any election Put the Greens last -
And we do not need a Carbon Tax -
Great videos on water supply issues.
topher.com.au/videos.html
22/11/11 08:56 (View) Back Post Reply
(0)
Options:§
raiderup
Post #: 7439104
Price at time of posting: 5.1c
In Reply to msg: #7433634
IP: 180.216.xxx.xxx
Sentiment: None
Disclosure: Stock Held
Views: 80
full width | single post
LOL Welkin,yes your right,
"These are best appreciated when located on plan and on a proximal array of ten drill crosssections which provide a spatial link to the primary andsecondary zones of mineralisation and reveal how the resources model could be enhanced."
Whats the point of referring to them if you dont insert them into the report?
More sloppy work from the MD.
I see one West African gold explorer has found a way to get around the assay holdups.
"If any confirmation were needed that the West African gold sector is still booming, Ampella Mining's decision to build its own on-site laboratory might be it.
The WA-based explorer made the move because of an assay backlog in West Africa's laboratories, which makes it tricky to work out just how much gold it's sitting on in Burkina Faso. "
au.news.yahoo.com/thewest/opinion/post/-/...post/100/comment/1
In relation to your comment,
"After past disasters surely PRU people have been all over these results - must have approved the wording used."
Personally I think their just using BYR as an asset bank,with a first and last rights over BYR what do they care what happens in the interim.
Still on Mansounia,from the CIG annual report.
Burey (www.bureygold.com) can earn an interest in Caspian's Mansounia project by completeting a feasibility study with at least 200,000oz gold reserve,at which time Caspian's equity would reduce to 8% and Caspian would be intitled to a US$500,000 cash payment.
Given the current attractive gold price,it is expected that Burey will undertake a scoping study if the recent drilling programe returns positive results.
Bearing in mind Welkin,both companys are in the same offices,this from the BYR report,
The results provide support for committing to a develpment study for the MGD at the earliest oppurtunty.
So which is it scoping,development,?.
Raider