Geovic ist an der TSX gelistet mit dem kürzel : GMC (nicht in deutschland handlbar!)
Da Geovic noch kein Thread auf W-O hatt starte ich mal so ein teil.
Gevoic Mining ist ein explorer mit fortgeschrittenem cobalt projekten in cameroon.
GMC ist erst seit dezember 2006 an der TSX gelistet.
Geovic hatt das wohl grösste cobalt projekt weltweit, baldproduzent, cobalt und nickel oberflächen nah, sehr günstige abbaukosten dank nickel als by produkt.
Cobalt ist noch wenig beachtet, doch wie der chart zeit das zu unrecht, der hype könnte bald beginnen!
grober fahrplan von GMC für das Nkamouna (60% GMC)projekt:
>Final Feasibility Study juni 2007
>minen bau anfang 2008 beginnend, und produktion geplant mitte 2009
>53 mio tonnen (proven and probable) (hier alle resourcen details:http://www.geovic.net/uploads/Technical/Nkamouna%20Cobalt%20…
>produktion geplant: 4,000 tonnes per year (tpy) cobalt and 3,000 tpy nickel (21 jahre minen leben)
(man plant dabei die anlage grösser auzulegen um die kobalt produktion gegebenenfalls auf 6800 tonnen/jahr auszuweiten, dafür würden mehrkosten von 57mio$ anfallen)
>Cash Oper. Cost, $/lb Co 0.96$ (mit nickel credit)
Geovics hatt ne gute webseite: http://www.geovic.net/
48,14 mio shares @ mcap 166mio C$
am 5 märz 2007 wurde ein 54mio C$ PP abgeschlossen, es war stark überzeichnet und so wurden es total 21,6 mio sahres @ 2,5c$ (2,5c$ war fair, den da war damals auch der kurs!)
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Hier pics und lagepläne aller projekte (lässt sich nicht einfügen hier, da flash pics) :
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Geovic Cameroon (GeoCam) was formed in 1995 to explore a prospective area in Cameroon identified by a UN Development Program. GeoCam subsequently acquired exclusive rights and ownership to develop its cobalt-nickel deposits through a Mining Convention issued in 2002. A Mining Permit was decreed in favor of GeoCam in 2003 that covers the entire cobalt mineral province in southeastern Cameroon, perhaps the largest primary cobalt resource in the world. Geovic Mining Corp (GMC) owns 60.0% of GeoCam and controls operations. The National Investment Company of Cameroon, www.sni.cm, controls 39.5%, owning 20%, and 0.5% is held by GMC President William A. Buckovic.
Based on a 2006 Pre-Feasibility Study (PFS) and a Canadian National Instrument 43-101 Technical Report that includes proven and probable ore reserve estimates totaling 53 million tonnes, GeoCam plans to produce 4,000 tonnes per year (tpy) cobalt and 3,000 tpy nickel from 525,000 tpy of physically upgraded concentrates for 21 years from its Nkamouna deposit, the first of seven deposits to be developed. The Nkamouna mine reserve has been well defined by over 1,300 test pits and drill holes. Extensive physical upgrading, leach and solvent extraction tests, process flowsheets with equipment specifications and estimated capital and operating costs for the process plant were completed and incorporated into the 2006 study. High-grade cobalt and nickel oxides will be produced mainly to supply the fast-growing demand for hybrid electric vehicle batteries.
Mining will be relatively inexpensive as the deposits average less than 16 meters deep, and blasting is not required. The Nkamouna ore-body is large, predictable and open for further expansion. Since these specific ores are amenable to simple pre-concentration and leaching at atmospheric pressure with a low acid consumption, project capital costs may well be the lowest in the industry and operating costs will be highly competitive with global cobalt producers.
By mid-2006 GeoCam had submitted the environmental and social permitting documents to the government of Cameroon and had completed the required public hearing processes in Cameroon. Issuance of all permits necessary to construct and operate the Nkamouna project is expected by mid-2007.
GeoCam is completing a Final Feasibility Study (FFS) to advance the engineering and design of the project and to obtain debt financing. This study is scheduled for completion in June 2007 and will be based on a 30% increase to the PFS production rates.
Subject to receiving appropriate government approvals, it is planned in 2007 to install housing and office facilities and a small airstrip in the Nkamouna area to allow major construction to efficiently begin in early 2008, and thereby expedite commencement of production in mid-2009.
As capacities of many initial plant circuits are designed for twice the production rate while incurring slightly higher initial capital costs, only $57 million additional capital was estimated in the PFS to expand cobalt production to an average of 6,800 tonnes/year for 12 years. The Nkamouna project development and construction schedule is summarized below.
The Republic of Cameroon is politically and economically stable and continues to pro-actively institute economic reforms and governmental improvements through privatization and diversification. The Government strongly encourages foreign investment, including development of its natural resources, and has designated GeoCam as a Strategic Enterprise thereby qualifying the company to 50% reductions in taxes and business incentives.
Leider sind inzwischen schon die ersten kaufempfehlugen in übersee (baker,Lundin) draussen, da heisst es schnell sein mit sammeln
ich habe mich letzte woche eingedeckt, möchte noch mehr aber diese wirds kaum unter 3,5c$ > geben hier einige stimmen / empfehlungen aus dem markt:
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Dudley Baker: Geovic Mining Corporation - A Cobalt Opportunity with Warrants
Posted on December 12, 2006
Like Uranium, the price of Cobalt has dramatically increased and more than doubled – cobalt has gone from $15 to $30 per pound in just the last few months. Cobalt is primarily used for batteries (hybrid cars, cell phones etc.), super-alloys, and magnets. But there are few primary cobalt companies to choose from. In fact, we are only aware of one – the newly listed Geovic Mining Corp. (GMC-TSXV). Newsletter writer Dudley Baker focused on the leverage of Geovic Warrants (GMC.WT – TSXv) and detailed that Geovic has the largest primary cobalt deposits in the world. Thank you Dudley for allowing us to share with our audience.
Geovic Mining Corporation – A Cobalt Opportunity with Warrants
Geovic Mining Corp (GMC:TSX.V) is a new company which began trading on the TSX on December 4, 2006 and their warrants which we find particularly attractive (GMC.wt: TSX.V) began trading on Thursday, December 7th which we will analyze below. First let us provide a little background on GMC.
“Geovic, Ltd., a wholly-owned subsidiary of Geovic Mining Corp. has discovered and controls the world’s largest primary resource of cobalt located in Cameroon….The first of seven deposits to be developed will initially produce 4,000 tonnes of cobalt per year.”
GMC is based in Grand Junction, Colorado and owns and controls 60% directly and indirectly in Geovic Cameroon PLC (GeoCam). GeoCam is a private Cameroonian corporation which has exclusive rights and 100% ownership of a 1,250 square kilometer Mining Permit that covers the entire cobalt-nickel province.
Pre-feasibility numbers suggest that this deposit (the first of seven) will spin off enormous cash flows to the Company near $100M US after taxes and corporate overhead. This is based on three year average metal prices which are significantly lower than where Cobalt ($25/lb) and Nickel ($14/lb) are trading now. Assuming they issue another 25 – 30M shares sometime down the road for construction, net cash flow could equate to just shy of $1 per share.
On top of feasibility study is the potential to turn this deposit to a 100 year mine life, from the 5 other deposits Geovic has identified on their property. The ore is very shallow running 60 feet deep from surface, with virtually no pre-stripping, low Capex and very quick payback. IRR at 78% in my experience is virtually unheard of.
Analyst coverage has been swift with James Winston, (Winston’s Growth Stock Report) being the first and then Lawrence Roulston (Resource Opportunities) last week. Below we provide the links to their comments on Geovic Mining Corporation and encourage you to read their analysis and to visit the company’s website for additional information on this exciting new opportunity to invest in cobalt.
Winston’s Growth Stock Report – “New Pick: Geovic Mining Corporation”
Resource Opportunities – “Initiating Coverage: Geovic Mining Corporation”
Our specialty at Precious Metals Warrants is obviously warrants and we would like to provide you and our subscribers with our analysis on the Geovic Mining Corporation warrants:
Those of you reading this article and not familiar with warrants let me first define ‘what is a warrant’? A warrant is a security issued by the company giving you, the investor, the right but not the obligation to purchase the underlying common stock at a specific price and expiring on a specific date in the future. Warrants are frequently issued in connection with initial stock offerings, i.e. Geovic, and are usually added as what is referred to as an ‘equity kicker’, additional incentive for investors. In this case, the owners of one warrant of Geovic have the right, but not the obligation, to purchase one share of Geovic common shares as per the terms outlined below. The reason an investor should take a look at the warrants is due to the additional leverage they provide vs. the common stock.
We encourage readers not to get lost in the detail calculations but rather to look at the potential leverage the warrants offer of nearly 2:1 over the common stock and the long life of nearly 5 years remaining on the warrants.
Warrant Terms:
Symbol: common share GMC(TSX.V)
Symbol: warrant GMC.wt (TSX.V) (provides the bid/ask price)
Exercise Price: $2.75 Cdn
Expiry Date: 3-November-2011
Cusip number for the warrants: 373686112
Our leverage calculations are very conservative and we prefer to use what we call, “What If”. What if the common stock goes up 100%, 200%, 300%, etc, what will the warrants do or rather how will the warrants perform vs. the common stock.
Conclusion:
In our opinion, the warrants are very attractive, as we said above, due to the long life remaining and the leverage potential versus the common stock. The overriding message is that Geovic gives investors the opportunity to invest in the base metals markets with their strong presence in cobalt and thus provides the investor the choice, depending on your level of risk, of investing in either the common shares or the long-term warrants.
Dudley Pierce Baker is the owner/editor of Precious Metals Warrants, a market data service which provides you with the details on all mining & energy companies with warrants trading on the U. S. and Canadian Exchanges. As new warrants are listed for trading we alert you via an e-mail blast. You are provided with links to the companies’ websites, links to quotes and charts, tips for placing orders and much, much more. We do not make any specific recommendations in our service. We do the work for you and provide you with the knowledge, trading tips and the confidence in placing your orders.
Disclaimer/Disclosure Statement:
PreciousMetalsWarrants.com is not an investment advisor and any reference to specific securities does not constitute a recommendation thereof. The opinions expressed herein are the express personal opinions of Dudley Baker. Neither the information, nor the opinions expressed should be construed as a solicitation to buy any securities mentioned in this Service. Examples given are only intended to make investors aware of the potential rewards of investing in Warrants. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions involving stocks or Warrants.
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Brien Lundin (goldnewsletter) hatt am 21.3.07 ebenfalls GMC empfohlen. hier der link dazu: http://www.goldeditor.com/pdfs/1668.pdf
bei uns kennen GMC erst wenige, doch das dürfte sich bald ändern, für mich ein klares longinvest und endlich bekommen die uran und moly werte mal gute gesellschaft
.(mögen die deutschen zockerbriefe in weiter ferne bleiben!!!)