SHERWIN IRON LIMITED ehem. BATAVIA MINING LTD - Eine unentdeckte Perle ???

Is hier wirklich keiner, der sich schon mal mit dem Wert beschäftigt hat???

gT
SF09

Batavia is undertaking a Bankable Feasibility Study for the mining and treatment of the 100% owned Deflector Deposit. The study considers utilising the existing wholly owned gold infrastructure and the addition of a float circuit to recover the copper at the Gullewa Project located in the South Murchison district of Western Australia.

In September 2004 the Company announced an update on the status of the bankable feasibility study (BFS) being completed for the Deflector Deposit.

The timetable for the completion of the BFS has been extended pending the completion of the metallurgical test work programme. The metallurgical test work programme has now been running for approximately 12 months.


gT
SF09

Nichts neues an der Front.

Just wait and see...

Zugegeben alter Artikel, fasst aber im Wesentlichen vieles zusammen, denke ich.

Junior fast tracks to producer status
Michael Weir
Monday, June 21, 2004
THE corporate collapse of Menzies Gold has paved the way for reconstructed entity Batavia Mining to become a producer in rapid time.

Every junior exploration company holds the goal of getting into production. Some spend years, and tens of millions of dollars, trying.

Perth-based junior Batavia Mining , however, is on track to become a gold-copper producer by the end of this year - about 12 months after being formed - and at a capital cost of about $8 million. It has been a whirlwind 12 months for the directors of Batavia Mining , but it is all about to pay off.

The company is headed by Perth businessman and chairman of the listed Hallmark Consolidated, John Barr. Together with fellow Hallmark director and mining executive, Neil Biddle, and geologist Alan Downie, an opportunity was identified in the corporate collapse of Menzies Gold in early 2003 and its main asset, in the Gullewa greenstone belt of Western Australia.

* This report, first published in the April/May 2004 edition of RESOURCESTOCKS magazine, was commissioned by Batavia Mining
They took control of the troubled company`s shell, kept the projects together, and restructured and recapitalised the company. After raising $3.7 million, Batavia Mining was listed on the Australian Stock Exchange in September last year.

According to managing director Alan Downie, the Gullewa project in the Murchison district has previously suffered from a lack of sufficient mine life.The new board`s strategy was to delay production until sufficient resources, of at least 300,000- 400,000oz, were proven to support a mining operation with a minimum 3-4 year mine life.

An extensive 14,000m drilling program trebled the existing resource and saw the company`s resources goal reached in December.

The main Deflector deposit now has a contained resource of 319,000oz of gold equivalent, (although the deposit remains open at depth and along strike and further deep drilling is planned with a view to boosting the overall resource to more than 500,000oz) and the company is half way through a bankable feasibility study.

"All indications are that all areas of the feasibility study are looking very positive," Downie said.

Batavia Mining has decided to take a different approach to mining Gullewa than past operators. Previously the mining focus has been on gold but the area also has a considerable base metals content.

The Deflector deposit, for example, was previously ignored because the copper content of the orebody was not suited to the configuration of the existing treatment plant. Batavia, however, has decided on a different strategy and will include the copper.

"By changing focus and including gold and copper it is what gives us the resource level that we`ve got," Downie said.

"The copper basically makes up about 25% of the economics of the orebody, so there is a tremendous amount of value there that can`t be ignored.

"Especially now when you look at the increase in the copper price and the huge demand for copper concentrates, it changes the viability of the whole project."

Batavia Mining is now looking at producing a gold-copper concentrate and shipping it out through the port of Geraldton (which, as the key port for the big Golden Grove operation, is no stranger to handling concentrate shipments).

The bankable feasibility study, which is due to be completed in the June quarter, is looking at a 60,000oz -a-year operation with a 4-5 year mine life.

The company will make use of the existing Gullewa treatment plant, which needs only the addition of a copper flotation circuit (at a cost of about $5-6 million) to produce the required gold-copper concentrate.

Total capital costs are estimated at about $8 million and the operation is targeting cash operating costs of below $330/oz of gold equivalent.

"The key attraction is the very low capital cost and the fact we will be able to start getting concentrate into the market so quickly," Downie said.

Existing infrastructure located at the Gullewa operations includes a treatment plant, a 60-person village, administration offices and facilities, exploration offices, laboratory, big workshop and leased powerhouse.

Water, power, communications, access roads and a large capacity tailings dam are in place with all relevant statutory approvals ready to support the mining operation.

Preliminary talks have already started with bankers keen to provide the project finance to develop Deflector. Construction should take about 14-15 weeks and the company is hoping to be in production before the end of the year.

With a resource base now locked in at Deflector, Downie said the company`s exploration focus had moved to adjacent regional targets.

"Previous exploration in the Gullewa areas has not been undertaken since the mid 1960s," Downie said.

"The early exploration in the mid-1980s focused on base metal mineralisation while gold exploration has been the main focus from the mid-1980s to present.

"Initially gold exploration was concentrated in and around existing old workings in the historic Gullewa mining centre until a more regional approach was adopted by explorers in the early 1990s.

"Interpretation of regional aeromagnetic data identified a number of targets which were tested using regional scale geochemical surveys.

"The understanding of the controls on mineralisation has improved from the mining of several deposits and can be applied to generate new targets and shed light on the significance of previous results."

Downie said the company was targeting a total resource base of 500,000-600,000oz and within a couple of months a more complete resource statement, including other deposits and targets, should be completed.

Batavia Mining is well funded to achieve its goals with recent capital raisings filling the coffers for the bankable feasibility study, associated test work, a regional exploration program and working capital.

During the March quarter the company completed placement of 20 million shares at 11c to clients of Melbourne Capital to raise $2.2 million.Following the placement the company announced a fully underwritten rights issue on the basis of one new share for every eight held, also at 11c, to raise a further $2.2 million.

The company currently has 160.7 million shares on issue and subsequent to the completion of the rights issue will have about 180.8 million . With the top four shareholders controlling only about 25% of the company, there is good market liquidity.

The company re-listed back in September at 10c and rallied as high as 17c in the following months and has since settled to around 11c.

Montague Stockbrokers, which sponsored the float of Batavia, said the high-grade gold resource with existing infrastructure plus exploration potential provided an opportunity for significant upside.


Für mich bedeutet das:

60 000oz/Jahr bei 440$/oz Goldpreis = 26,4 Mio$ Umsatz
60 000oz/Jahr bei 330$/oz Kosten = 19,8 Mio$ Kosten
=> 6,6 Mio$ Gewinn/Jahr

bei gerade mal
181 Mio Shares x 0,022 EUR = 3,9 Mio EUR Marktkapitalisierung

Das nenn ich mal unterbewertet.
Und bankable-feasibility in den nächten Wochen abgeschlossen - Förderbeginn 2005!!!
Mal ehrlich, gibt es einen unter Euch, der da nicht 500% Potential sieht?

Ansonsten gT
SF09

Hallo Stockfish

was soll man schon machen, wenn sich der Kurs nach diesem Artikel mehr als halbiert hat?
Vielleicht noch nen Artikel und noch ne Halbierung abwarten...



nicht richtig vertrauenerweckend.
Gruß,
Khampan

Hallo Khampan

Genau das ist das Problem, man weiß nicht, was die nähere Zukunft bringt, aber so wies scheint, sind die Fundamentals nicht gerade ohne. Und - sind wir doch mal ehrlich, sollte die Story aufgehen, und davon muß man bei einem Langfristinvest nun gerade bei Juniors mal überzeugt sein, kommt auch keiner mehr an dem Wert vorbei, auch wenn er jetzt gerade nicht IN is. Dann blickt alles auf dan Cashflow......
Interessant ist es doch drin zu sein, wenn andere noch garnicht daran denken, oder.
Bloß Zeit muß man haben!
Jetzt scheinen sie sich ja auf dem aktuellen Niveau stabilisiert zu haben.

Es grüß dich

SF09

REVIEW OF OPERATIONS
Batavia Mining Limited Annual Report 2004

Batavia Mining Limited successfully re-listed on the
Australian Stock Exchange in September 2003 after the
acquisition of assets, a capital raising, appointment of a
new board and a capital reconstruction. The Company’s
assets are centred on the Gullewa area in the South
Murchison District of Western Australia. The Company
is a gold and copper/gold explorer with the aim of
becoming a producer in the near term.
During the year the Company raised a total of $8.1M
before issue costs.
The early recognition of the potential of the Deflector
Deposit by Batavia has driven the focus of the exploration
programmes. Early success in these programmes
combined with high metal prices subsequently resulted in
Batavia assessing the potential to fast track the
development of the Deflector Deposit.
During the year the Company has completed several
resource drilling campaigns at the Deflector Deposit,
resulting in a 160% increase in the resource from
132,000 oz’s Au Eq to 342,000 oz’s Au Eq. The
deepest drilling intercept is at 230m vertical with the
deposit open at depth.
The global resource inventory for Gullewa
Operations is 444,000 oz’s Au Eq.
Preliminary metallurgical testwork involving gravity
concentration and flotation of Deflector Deposit ore in
December 2003 demonstrated the potential of the
project to produce a saleable copper/gold concentrate
while encouraging results, from a mining scoping study
on the Deflector Deposit, initiated the decision in
January 2004 to proceed with a bankable feasibility study
into the resumption of mining and milling at the
Gullewa Operations.
The Company recently announced that the latest oxide
metallurgical testwork has been unable to repeat the
results from the earlier completed testwork with
generally lower grades and lower recoveries achieved,
however further testwork is on-going. Given this
uncertainty the Board feels it is prudent to adopt a
conservative approach to the carrying value of the
exploration expenditure and feasibility expenditure for
the Deflector Deposit.As a consequence the Company
has written off a portion of exploration and feasibility
expenditure at 30 June 2004.
Positive results have been returned from regional
exploration programmes completed in the Greater
Deflector and Michaelangelo areas, while a review of
known resources has resulted in a number of new
resource estimations. Compilation of the extensive
geological and drilling database is continuing in order to
prioritise regional targets for future exploration. Pegging
of prospective ground and tenement acquisitions in the
Gullewa region continued during the year.
The Company’s production assets including a 300,000
tonnes per annum carbon in leach treatment plant, an
accommodation camp and associated mining infrastructure
at Gullewa Operations have been maintained on an active
care and maintenance programme.
To enable the Company to aggressively explore and fast
track development it committed significant funds for
resource development drilling at Deflector Deposit
($1.22M), mining and feasibility studies ($0.96M) and
regional exploration programmes ($0.64M).
As at June 2004, Batavia Mining had $2.5 million in cash
and no long term debt.The Company’s’ immediate
objective is to complete the bankable feasibility study on
the Deflector Deposit. The BFS timetable has been
extended by up to 6 months to allow for the completion
of the metallurgical testwork programmes for both oxide
and primary ore. Subject to a favourable outcome of the
BFS, the next steps will involve
• Sourcing of debt finance for the project
• Procuring and installing a second hand
flotation circuit
• The refurbishment of the existing treatment plant
• Commencing pre-strip for open pit mining
• Commissioning the expanded treatment plant
• Copper/gold concentrate production

Macht doch Lust auf mehr!

gT
SF09

Guten Morgen zusammen,

Noch nicht viel los heute bei BTV:

Frankfurt 0,024 EUR 0,00 0,00% 25.11. 09:11:04 0,024 0,024 0,025 4,00% 0 0
Berlin-Bremen 0,022 EUR 0,00 0,00% 25.11. 09:14:58 0,022 0,022 0,028 21,43% 0 0

Bid aber schon stabil bei 0,024!
Tendenz steigend!!!

gT
SF09