El Condor Pasa - günstiger Explorer (Seite 190)

[yliano]

Antwort auf Beitrag Nr.: 40.688.606 von Elrond am 10.12.10 13:25:18

Hier erstaunt mich gar nichts mehr.
4 Jahre gewartet und jetzt das. Wie ich uns das gönne!

[Elrond]

Antwort auf Beitrag Nr.: 40.688.585 von yliano am 10.12.10 13:22:11

grad gesehen Alder .....

dann doch bald 20p ....

[yliano]

Antwort auf Beitrag Nr.: 40.688.531 von yliano am 10.12.10 13:14:55

Ueber 7p. Ich schmeiss mich wech!!

[yliano]

Antwort auf Beitrag Nr.: 40.688.433 von Elrond am 10.12.10 13:01:45

Unglaublich aber wahr.Ich bin auch wieder auf dem Einstiegskurs.

[Elrond]

so Leute .... bin jetzt im Gewinn ... unglaublich ...

btw
die sprechen in UK von fair value 20p-30p .... lassen wir uns überraschen ...
ich glaube auch nicht das es hier nochmal viel tiefer geht

[karifel]

Nach den "Gewinnmitnahmen" gesten, geht es jetzt wieder steil nach oben.
6,5 p gerade übersprungen.
Bin gespannt ob wir das ins Wochenende retten.

[yliano]

Antwort auf Beitrag Nr.: 40.685.254 von Elrond am 09.12.10 22:44:27

Aus UK :

Great research Robson,good find! Good looking grades-AR10-01 1.15m of 31.15 g/t gold and 83.6 g/t silver AR10-03 2.14 metres of 21.43 g/t gold and 47.3 g/t silver. Looks as though this whole area is still under explored

[Elrond]

so Froinde .... kleine n8 Geschichte damit ihr gut schlaft .........
ausm UK board ... absolut lesenswert

---------------------------


Sunjammer - 9 Dec'10 - 16:51 - 7990 of 8000

Courtesy of my brother:

Some parameters and references first:

Edison gold report - Jan 2010:
http://www.edisoninvestmentresearch.co.uk/sectorreports/Gold…

Edison's recent Gold Report provides global average values for Inferred, Indicated and Measured resources: $340 per measured ounce, $159 per indicated ounce and $34 per inferred ounce.

CIM definitions:
http://www.cim.org/committees/cimdefstds_dec11_05.pdf

CNR JORC

http://www.condorresourcesplc.com/CONDOR%20RESOURCES%20PLC.p…

CNR comment:

"The initial trench and hand held drill results designed to further define the 2km Andrea vein of the El Rodeo concession are in line with expectations and confirm the model that the bulk of the ore zone is located between 200m and 500m altitude. The purpose of the program was to define the top of the system as the Andrea vein is located between 550m and 700m altitude, which then allows drilling from the Andrea vein down to the depth of the main ore zone. Condor has approximately 85% or 164 sq km of La India Mining District. Following the recent concession swap with B2Gold Corp, Condor's preliminary research indicates that 1.84 million ounces gold (Russian classification) are within the La India concession area, including 2.3 million tonnes at 9.5 grams per tonne gold for 709,000 ounces gold designated at the more robust C1+C2 category. We are in the final stages of appointing an independent geologist firm to visit La India Mining District and advise on the conversion of the Russian resource to JORC standards."

In issue:

492.261753m

Assumptions

In January 2010 gold stood at circa $1150. I'm therefore going to increase Edison's Jan 2010 calculations by 1400/1150 or 21%.

Thus:

Measured = $411
Indicated = $192
Inferred = $41


Let's have a go at La India:

I'm going to assume that the 709,000 oz of Russian C1/C2 equate to 'Indicated' and the rest 1,131, 000 (1.84m - 709k) are 'Inferred'.

Indicated: 709,000 X $192 = $136.128m X £0.635 = £86.441m
Inferred: 1,131,000 X $41 = $46.371m X £0.635 = £29.445M

Total £115.886m

Per share £115.886/492.26 = 23.5p

Now that of course assumes that we only have 1.84m oz and that we have no reserves in the 'measured' category. Add another 10% if gold moves up another $150 as predicted today.

So what would happen if El Salvador unlocked?

Add 788,000 oz of gold and 22.38m oz's of silver. Let's assume all the 788k is 'inferred' for calculation purposes. In other words:

788,000 X $41 = $32.308m

Add the silver:

I'm going to divide the inferred number by 48 (gold/silver ratio)
to value i.e. $41/48 = $0.85c per oz

22.38m x $0.85c = $19.023m

$51.325m x £0.625 /492.26 = 6.5p.

Add another 10% if gold moves up $150.


Bottom line is that unless the JORC review decides that all the C1/C2 are 'inferred' rather than 'indicated' then we have a share that should be chasing 20p in the not-too-distant future.

This is a definite BUY.

ddd

[Venusstern]

Antwort auf Beitrag Nr.: 40.683.587 von XIO am 09.12.10 19:06:01

[XIO]

Ich betrachte CNR quasi al "im kasten" nur noch ne Frage der zeit