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Xiana Mining - ehemals Dorato Resources - Gold in Peru, direkt an der Grenze zu Ecuador, gegenüber v (Seite 76)

WKN: A1W7DP | Symbol: XIA
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[urlAre we at a bottom for gold shares?]http://www.321gold.com/editorials/moriarty/moriarty080408.html[/url]
Bob Moriarty
Aug 4, 2008

In my piece from a week ago, I put in a screenprint of the XAU over gold chart from StockCharts. At a ratio of .182, the chart showed the most negative ratio of gold shares to gold in the last five years. This week the ratio got even more negative with the ratio plunging to .176. People simply hate gold shares.

Since most profitable investors use contrarian opinion, the ratio is a screaming buy signal for both gold and gold shares. We are in a worldwide financial collapse with more banks going under each week but there is a lot of money sitting on the sidelines waiting to find a safe home. Nothing has changed my belief that the only safe haven is in natural resources, preferably gold and silver production stories.

It has been said that the market can remain irrational longer than you can remain solvent but this chart is telling me now is a safe time to invest in either gold or gold shares. In addition, seasonality of gold says August is the best time of the year to buy.

August is also the time most stock brokers take vacation so share trading is generally lighter than any other month of the year. It's entirely possible for shares to drift down even further on the lightest of volume. However I believe when gold turns, the climb in shares will be violent and quick. We have had the crash in gold I called for on March 17th. I believe we are at a bottom or near as dammit to a bottom.

Aug 3, 2008
Bob Moriarty
President: 321gold
[urlGlobal gold exploration ‘staggeringly unsuccessful’ – Ernst & Young]http://www.miningweekly.com/article.php?a_id=139969[/url]

By: Martin Creamer
Published on 5th August 2008
Global gold exploration was proving “staggeringly unsuccessful”, Ernst & Young global mining & metals director Dr Tim Williams said on Tuesday.

Williams told Omega’s Mining in Africa Conference in Johannesburg that the world appeared to be “running out” of gold orebodies.

“I think I might say that nearly half of the world’s exploration money is spent on looking for gold, and staggeringly unsuccessful it is, too,” Williams said.

“It’s really the only metal that seems to be running out,” he added.

Because of the global credit crunch, many mining juniors on the Alternative Investment Market (Aim) of the London Stock Exchange were “in trouble”.

They were unable to raise cash by issuing shares because their share prices had behaved so badly.

There were also believed to be some “fairly major sellers” on the Aim, but not many buyers.

“The result of this is that there is going to have to be a lot of consolidation between those Aim juniors,” Williams said.

He expected that the 191 Aim mining companies would be reduced to about 150 this time next year.

He said that there had not been a single initial public offering (IPO) on the Aim in the first quarter of this year.

However, junior mining companies that were already in production were in a different category and were successful with secondary capital raising beyond their IPOs.

He flashed up a table on to an overhead screen that showed that Aim mining companies returning to the market for development capital after firming up their discoveries were continuing to be successful obtaining large amounts of capital and were currently also making lots of money.

“It’s that end of the market which is so strong,” he said.

Vast amounts of money were available in London to those who had moved beyond the exploration stage to the mining stage.

“If you have the right project, you’ll still get the money,” he said.
Short History
Symbol Report Date Volume Change
DRI - V 2008-07-31 6,400 +2,400
Guten M :) rgen !

Source: The Gold Report 08/08/2008
[urlBob Moriarty, 321gold.com: Gold is Safe Haven for Looming Crash]http://www.theaureport.com/cs/user/print/na/1533[/url]
Is the Price of Gold Artificially Depressed
Source: Seeking Alpha 08/07/2008

Upon analyzing over 30 years of data involving the gold price, we conclude that the seasonal lows usually occur in March and June. Quite often however, after the June low a secondary low is experienced in August. This secondary low is usually slightly higher than the primary low. People who have resisted the temptation to buy the June low will usually take advantage of this last opportunity before the start of the Christmas rally that seems to happen almost every year.

...Gold is amazingly cheap just now. At the current $880.00, it trades at just $30.00 (or 3.5%) above its 1980 high. During the 28 years since 1980, practically everything has risen sharply in price. From milk, bread, eggs, meat, fish, cars and houses everything else is going up in price by leaps and bounds...

This comparison makes one wonder if the price of gold might be artificially depressed. But actually, that is precisely what GATA and Frank Veneroso and John Embry have been asserting for years.

If indeed someone or a number of people are involved in deliberately suppressing the gold price, then eventually the price will rise like a beach ball that has been pushed under water...

The amount of gold in existence is finite. It cannot be increased any faster than by 1.6% per annum (the rate at which mines are producing gold). Whereas the amount of money in circulation is currently expanding at double-digit levels, on a worldwide basis, the U.S. M3 money supply back in 1980 was 1.8 trillion dollars. Today, according to economist John Williams, the U.S. M3 money supply has ballooned to almost 15 trillion dollars. Some of that extra money has the potential to move into gold.

The stage is set for a remarkable rise in the price of gold.
Peru and Dorato Resources

Peru is an exceptionally mineral rich country that ranks very high on my list of places to explore. It also offers a reasonably attractive and stable environment for mining investment. The country's mining sector has grown substantially since the virtual elimination of the Shining Path (Maoist guerilla group) and the revamping of mining regulations in the early 1990's. Mining revenue now accounts for 62% ($17bil) of Peru's total exports. It is the chief contributor to the country's GDP and the largest single non-farm employer.

Peru is the number one producer of silver in the world and ranks second in zinc and copper, third in tin and fifth in gold production. The mining industry has been the driving force behind the country's impressive growth and modernization. Last year GDP increased 8% and the wealth effect is spreading into other industries unrelated to mining. Peru's standard of living is improving and the culture, cuisine and nightlife in Lima and Cusco are comparable to nearly anywhere in the world: even Oklahoma!

That's not to say that all is well and that Peru is a simple and easy place in which to explore for and develop a mine. Despite regulations requiring that half of the federal tax revenue from a mine be redistributed to the local province, there is often little evidence that this money ever makes it there. When a poor community does not see the benefits of mining, the scene is set for NGO's (non government organizations) and the Catholic Church to exploit and manipulate a largely uneducated population. This resentment and manipulation plus the inevitable mistakes large and/or foreign companies make at the local levels of society have resulted in some well-publicized screw-ups. Manhattan Minerals losing the rights to mine the Tambo Grade deposit is probably a case study in what not to do. Click here. The current social issues being faced by London listed Monterrico and the Chinese state steel company Shougang are also the result of an inability to positively interact with the local population. However, with honesty, integrity and education it is possible for a company to work within the existing legal framework and be successful in Peru.

This (see below) is where the Amazon Basin meets the Peruvian Andes. You should note that not only are there no Starbucks here, but there are no roads, villages or rock outcrops.

Dorato Resources Cordillera del Condor project area

There are very few places left in the world where a geologist can walk up a creek with a fair degree of certainty that he or she is the first one there with a rock pick. Dorato Resources' Cordillera del Condor property package is one such place.

A two-hour flight out of Lima got me to a lonely army outpost on the edge of the Amazon Basin. From there we flew another hour by helicopter across virgin jungle into an isolated exploration camp literally clinging to the hillside. The Tambo camp is at the border with Ecuador just east of the South American continental divide. It is steep, wild, uninhabited and wet terrain: the sort of place you could find anything (or nothing).

Tambo Base Camp carved into the hillside

Dorato negotiated the mineral rights to 700 square kilometers of ground along the Ecuadorian border a little over a year ago. This in itself was quite an accomplishment as the area had previously been a no-man's land disputed and fought over by Peru and Ecuador. Actually gaining the rights to explore required jumping through a series of hoops and, ultimately, the Peruvian President's signature. This was highly sought after ground which Dorato could not have secured without the depth of experience and knowledge of its Peruvian management team.

Cordillera del Condor is a very prospective and unexplored property package. It sits at the southern end of a mineralized trend that includes Corriente's Mirador copper deposits (combined measured and indicated resources of 890 million tonnes grading 0.56% copper, 0.16 grams per tonne gold), Aurelian's FDN deposit (13.7 million ounces grading 7.2 grams per tonne gold), and numerous other gold and base metal deposits. The Peruvian side of the belt has seen a few brief exploration campaigns with the most serious being a regional stream sediment program by Anglo American. Anglo's work produced a number of geochemical anomalies and the discovery of one zone of outcropping gold mineralization at Tambo. Anglo put in some trenches but was never able to follow up with drilling due to the Ecuador/Peru border dispute of 1995. The border between the two countries was ultimately demarcated in 1998.

Dorato's exploration camp at Tambo was the only place readily accessible on this trip. From the limited the outcrops that Dorato has opened up through the vegetation it appears that the mineralization at Tambo probably falls into the intermediate sulfidation category of precious metal deposits (refer to the July 4th letter). High-grade gold (up to 52 grams per tonne) plus zinc, lead and copper are localized in steeply dipping structures and shears that are generally a meter or less wide. Weak disseminated gold and base metal mineralization occurs in the host rock away from the mineralized structures. The mineralization is part of a larger alteration system hosted by volcanics and high-level porphyry intrusives. I suspect the mineralization is related to a pyritized hydrothermal breccia that contains clasts of all the local rock types. Hand dug pits and trenches over a 500 by 500 meter area provide the only outcrop and it is impossible to estimate how large this alteration zone could be. The mineralization and alteration demonstrate that a lot of fluids were pumped through the Tambo hydrothermal mineral system (a good thing).

The entire 700 square kilometer property package is geologically favorable for high, intermediate and low-sulfidation gold deposits, porphyry copper deposits and related precious and base metal skarn and vein deposits. There is a lot of ground to cover and Dorato's regional program will consist of stream reconnaissance and airborne geophysics. They also plan to drill test Tambo this year if possible. Grassroots exploration of this sort is hard and slow work, particularly given the terrain and isolation.

The company (DRI.TSX-V) has about 34 million shares outstanding (fully diluted) and approximately $10 million in the bank. They recently completed a financing with Franco-Nevada that raised $3 million at $1.70 per unit. The placement also grants Franco the option to purchase a 1% to 2% royalty under certain conditions. Approximately 8.5 million shares come free trading August 19th so there could be some weakness and volume in the stock after that date.

I purchased Dorato shares in a private placement last year based on the property's geology and favorable location on trend from some important mineralization in Ecuador. The people behind the company are legitimate, competent and serious. I am not however adding Dorato to the EI portfolio. This is a very grassroots exploration play and considering current market conditions there is no urgency to buy. I do think it is an interesting play and something well worth watching as the exploration program develops.

That's the way I see it

Brent Cook
Brent owns shares in Dorato Resources

There are very few places left in the world where a geologist can walk up a creek with a fair degree of certainty that he or she is the first one there with a rock pick. Dorato Resources' Cordillera del Condor property package is one such place.

....und trotzdem in unmittelbarer Nachbarschaft zu hervorragenden properties, die bereits Ressourcen in zweistelligem Mio.-Bereich hervorbrachten - eine ideale Kombination! :D
Antwort auf Beitrag Nr.: 34.702.485 von Neono am 11.08.08 19:00:41720 Quadrat Kilometer Land, einfach ein wahnsinns Gebiet!
Genug Fläche um 50 Jahre und länger nur Löcher zu bohren! :D

Das Andengebiet ist schwer zugänglich, extremen Witterungen ausgesetzt!
Ich stelle mir das sehr schwierig vor unter diesen wiedrigen Umständen voran zu kommen,
geschweige denn, irgendwann sogar gewinnbringend abzubauen.

Wie siehst Du das Neono?

Sind nur Gedanken die mich bei Dorato so beschäftigen!
Ich bin auch noch nicht investiert!

Antwort auf Beitrag Nr.: 34.702.818 von derschweizer am 11.08.08 19:41:09Dschungel.... du siehst kaum was. Musst Dich auf die Technik verlassen. Vielleicht hilft Franco Nevada mit dem Alster System von Newmont. Bottom Picking und in 18 Monaten heftig lächeln :)


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