Banks Island Gold Ltd. – TSX.V: BOZ – kleine high-grade Goldminenperle in Kanada – IRR von 414% - 500 Beiträge pro Seite

[sinsala1986]

Banks Island Gold Ltd. – TSX.V: BOZ – ISIN: CA0664831082
gegründet am 18. Jan. 2011, gelistet seit 25. Okt. 2011



kurze SWOT-Analyse als einleitende Zusammenfassung
Stärken
+ hohe Goldmineralisierung
+ fachlich versiertes und erfahrenes Management
+ extrem kleine und attraktive Aktienstruktur mit sehr geringem free float
+ NI43-101-konforme Ressource und positive PEA liegen vor
+ Goldminen liegen im minenfreundlichen und sicherem Land Kanada
Schwächen
- kleine Ressource
- BOZ ist noch unbekannt
Chancen
+ auf 100% Besitz (wenn Imperial Metals dessen Option nicht zieht)
+ Produktionsbeginn in diesem Jahr angestrebt
+ weitere Explorationsarbeiten
+ BOZ ist noch unbekannt
Risiken
- „nur“ eine „earn in option“ für das Projekt, Imperial Metals hat ein Rückkaufsrecht für 51%, um ein JV mit BOZ zu bilden
- Ressource kann nicht nennenswert oder nur unwirtschaftlich vergrößert werden

Links
Homepage: http://www.banksislandgold.com
TSX.V-Seite: http://tmx.quotemedia.com/quote.php?qm_symbol=BOZ
Sedar-Seite: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issu…
Letzte Insider Trades: http://canadianinsider.com/node/7?menu_tickersearch=boz
Komplette Insider Trades: http://www.sedi.ca --> English --> Access public filings --> View summary reports --> bei „Issuer transaction detail“ Häkchen setzen --> Next --> unter „Mandatory criteria“ bei „Identify insider or issuer“ auf „Issuer name“ umstellen und „Banks Island Gold“ eingeben --> „Select All“-Button bei Debt, Equity und Issuer Derivatives setzen --> Search --> View --> schon hat man alle Insider Trades
Stockhouse-Forum: http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=BOZ&t…
Stockwatch.com: http://www.stockwatch.com/Quote/Detail.aspx?symbol=BOZ®ion=C
Advfn.com: http://de.advfn.com/p.php?pid=qkquote&symbol=TX^BOZ
Youtube-Link zur Video-Presentation:


Share Structure
Outstanding Shares: 15.535.800 per 27. Okt. 2011
+ 120.000 incentive options für Berater und Mitarbeiter per News vom 6. Dez. 2011
+ 60.000 Options für Advanture Capital Partners Inc. per News vom 6. Dez. 2011
+ private placement mit 2.727.200 flow-through shares per News vom 6. Dez. 2011, davon 909.090 verkauft
+ private placement mit 772.582 flow-through shares per News vom 30. Dez. 2011
+ 1.070.000 Options
+ 400.000 Warrants
= Fully diluted shares: 19.616.652 per 30. Dez. 2011
- Escrowed Shares: 6.179.400 (davon 1.476.900 von Mossmann, 855.000 von J. Nickel, 900.000 von A.C.B. Services Inc. (100% J. Nickel), 1.624.500 W. Nickel, 630.000 Sveinson, 675.000 Sveinson Mineral Services Inc. (50% F. Sveison)); der Escrow-Status verfällt in jeweils 15% Tranchen in 6 Monatsinvervallen über eine Periode von 36 Monaten nach Erhalt der Listingbestätigung durch die Börsenaufsicht. Von den ehemals 6.866.000 escrowed shares sind 10% bereits wegen des erfolgreichen Börsenlistings freigeben worden.
= Net Shares I: 13.437.252
= Net Shares II: 8.241.090 per 30.Dez. 2011 (outstanding shares + 909.090 verkaufte flow-through shares – 6.179.400 escrowed shares vom management – 1.214.600 non-escrowed shares vom management – 809.800 Shares von Selkirk Metals)

Insiders
Saurabh Handa: 100.000 Options
Benjamin Mossmann: 1.651.000 Shares + 270.000 Options
Sharon Muzzin: 15.000 Shares + 50.000 Options
Tessa Brinkmann: 100.000 Options
Jason Nickel: 1.310.000 Shares + 250.000 Options + 1.000.000 Shares indirekt über ACB Service Inc.
Wolfgang Nickel: 1.915.000 Shares + 100.000 Options
Frederick Sveinson: 825.000 Shares + 200.000 Options
Selkirk Metals: 809.800 Shares (agreement: 5% of fully diluted shares)
Summe: 7.525.800 Shares + 1.070.000 Options --> 8.595.800 (43,82% of fully diluted shares)

Management
Benjamin Mossman, P.Eng --> President, Director and Chief Executive Officer
Mr. Mossman is an accomplished leader and highly skilled engineer. Benjamin has diverse experience in underground mining having worked at eight underground producing mines with production rates ranging from 250tpd to 3,000tpd mining precious and base metals, diamonds, and uranium. Mr. Mossman was Chief Engineer at Alexco Resource Corp's high grade Bellekeno Mine during the successful construction and commissioning of that mine in 2010.
--> Zur Homepage von Alexco Resource www.alexcoresource.com, http://tmx.quotemedia.com/quote.php?qm_symbol=axr


Frederick Sveinson, P.Eng --> Director
Mr. Sveinson has extensive experience in exploration, development, construction, operation, and financing of mineral projects in Canada and internationally. As President and CEO of Gold City Industries Ltd. he was instrumental in acquiring the Bissett gold mining assets in Manitoba and merging the JV partners into San Gold Corporation, which now has a market capitalization of nearly one billion dollars. Mr. Sveinson has served as President and CEO of Merit Mining Corp, Vice-President of Tonto Mining and Dynatec Mining, and General Manager of Echo Bay's Lupin and Sunnyside operations. Mr. Sveinson is currently a director of Tirex Resources Ltd, Fire River Gold Corp, and Appleton Exploration Inc.

Wolfgang Nickel, P.Eng --> Director
Mr. Nickel is recently retired from a distinguished career with Teck Resources Ltd. Wolf was President and General Manager of Highland Valley Copper, Canada's largest open pit copper mine, from 2001 to 2009. Previously he has held the corporate position of General Manager Project Development and Base Metal Operations for Teck Cominco amongst a number of senior positions with Teck Corporation which includes General Manager Elkview Coal Corporation and Mine Manager Afton Operating Corporation. Mr. Nickel is currently a director of Candente Copper Corp.

Jason Nickel, P.Eng --> Director
Mr. Nickel is an experienced leader, entrepreneur, and mining engineer with diverse experience in producing underground and open pit mines. Jason is currently the Vice President Engineering for New Pacific Metals Corp, which is developing the Tagish Lake Gold Property. Mr. Nickel was previously the Mine Manager for Minto Mine, a high grade open pit copper mine in the Yukon Territory owned by Capstone Mining Corp. and has worked at a number of operations including Snap Lake, Lexington, and Highland Valley Copper.

Saurabh Handa, C.A. --> Director
Mr. Handa is a Chartered Accountant, certified by the Institute of Chartered Accountants of British Columbia. Since October 2009, Saurabh has been the Controller for SouthGobi Resources Ltd., a public mining company listed on both the Toronto Stock Exchange and Hong Kong Stock Exchange. From 2008 to 2009, Mr. Handa held the position of Financial Analyst with SouthGobi Resources Ltd. From 2005 to 2008, Mr. Handa worked for Deloitte & Touche LLP where he spent two years in their audit practice working primarily on international mining companies and one year in their valuation practice working on various M&A transactions for mining companies.

Sharon Muzzin, C.A. --> Chief Financial Officer
Ms. Muzzin is a chartered accountant with over 25 years of experience providing management services to both private and public entities in the mining industry. Sharon is the Chief Financial Officer of Samaranta Mining Corporation, a company listed on the TSX Venture Exchange. Ms. Muzzin is also a senior consultant with Malaspina Consultants Inc., a private company that provides accounting and administrative services to junior public companies.

Dirk Meckert, PhD, P.Geo --> Chief Geologist
Dr. Meckert is an accomplished and highly educated geologist. Dirk was recently Project Supervisor for Conquest Resources in Red Lake Ontario on their Alexander Project, a deep drilling gold exploration program. Dirk previously worked as a mine geologist at the Cantung Mine, an underground Tungsten Mine. Dr. Meckert has the ability to draw on many layers of experience due to diverse work experience in mineral exploration, mine geology, coalbed methane projects, and paleontological excavations.

Projekte
Das Unternehmen hat ein Hauptprojekt, das Banks Island Mineral Property, welches aus 26 mineralischem Claims mit einer größe von etwa 12.025 ha auf der Insel Banks Island im Nordwesten von British Columbia, Kanada.



NI43-101-konforme Ressource:


BOZ hat das Recht („earn in option“), 100% von dem Hauptprojekt erwerben zu dürfen. Neben einer 2% net smelter return abgabe für Selkirk und einer 1,5% net smelter return abgabe für Advanced Primary Minerals Corp. Sowie der Garantie für 5% der issued shares auf Basis der fully diluted shares für Selkirk muss BOZ eine Investitionssumme von 3,25 Mio. CAD$ in Explorationsarbeiten auf dem Banks Island Property aufwenden.



Gemäß den Bedingungen des Optionsabkommens über das Hauptprojekt hat Selkirk das Recht („back in option“), zu jederzeit nachdem BOZ die Option gezogen hat, vor dem erfolgreichen Abschluss der Finanzierung und vor Beginn der Arbeiten für die kommerzielle Produktion 51% an dem Projekt zurückzukaufen. Wurde die Option von BOZ gezogen, hat Imperial Metals 3 Monate Zeit zu entscheiden, ob sie ein JV mit BOZ eingehen wollen. Wenn die das tun, müssen die das 2,5fache an Kapital von dem, was BOZ bis dahin für das Projekt ausgegeben hat, mit in das JV für Explorationsarbeiten einbringen. Entscheidet Imperial Metals sich dagegen, verlieren die auch die „back in option“ und BOZ bekommt endgültig den 100%-Besitz zugesprochen.

PEA-Daten:

dazu Mr. Mossman, President of the Company stated; "Our primary focus is on the discovery of a major gold deposit on Banks Island. The results of the Preliminary Economic Assessment indicate that a concurrent and lucrative small scale "pilot" mining operation may be possible. Such an operation would increase the chances of success in our primary exploration efforts by allowing a permanent presence on Banks Island, advancing the property in terms of infrastructure and knowledge, and generating cash flow to fund large scale exploration activities."









Bohrergebnisse von der Tel Zone, veröffentlicht am 9. Januar 2012:



dazu Mr. Mossman, CEO of the Company stated; "Recent drilling at the Tel Zone illustrates the potential for discovery of significant gold values over substantial widths. With the resource definition drilling at Tel essentially complete, drilling will now focus on exploring and expanding the Tel Zone resource at depth. We are excited about the excellent potential of the Tel Zone which is developing into a significant high grade gold resource."

----------------------------------------------------------
Hier noch kurz eine E-Mail vom CEO vom Dez. 2011:

„Hi xxx,
Thanks for your interest in our company. Here are some answers for your questions.

[Zur Frage zum Optionsabkommen:]

1. We are currently raising $2.5M with a closing of Dec 28th. This will give the Company sufficient funds to complete the 100% earn-in of the Property from Imperial Metals (TSX:III). We are currently diamond drilling and expect to complete the required expenditure around March of 2012.

[Zur Frage der weiteren Dilution:]

2. We are currently raising $2.5M at a price of $0.55 per share. This will translate to an additional 4.5M shares issued. Once the 100% earn-in is completed we will trigger Imperial Metals back-in rights. They have 3 months to decide whether to form a Joint Venture. In this case they would bring from $8-$10M into the project. Should they decline we will have 100% interest with no back-in rights and will seek to raise $10M, which we will endeavour to raise at a much higher price than it is currently.

[Zur Frage des Managementanteils an BOZ:]

3. Yes we currently own 48% of the company. We will be diluted somewhat by the current financing in progress. A good portion of the remaining stock is held by family and associates. The current financing is largely by institutional investors who we view as good shareholders. There is a 4 month hold on the current financing so most of the share capital will not be available for trading on the market.

[Zur Frage der eigenen Einschätzung des Potenzials von BOZ:]

4. We view our Company as an exceptional value on the market. We expect that our drilling campaign will reveal some excellent intercepts and we are testing 4 strong conductive anomalies early next year. As you may know there are very high grade gold values present in the massive sulphides on Banks Island, which have not seen any exploration activities for over 20 years.

Let me know if you have any more questions.

Sincerely,

Benjamin Mossman, P.Eng

President
Banks Island Gold Ltd.“

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

2-Monats-Candlestick-Chart Kanada

[Popeye82]

Antwort auf Beitrag Nr.: 42.628.131 von sinsala1986 am 21.01.12 21:12:27

Wie ich es Dir ja schon geschrieben hatte -ich hatte ursprünglich in Erinnerung dass die "INITIAL Capital Costs" eine gewaltige Differenz zu den LOM(Life of Mine) Capital Costs haben. Da hab ich mich geirrt.


Aber wenn man hier, abgesehen von der Frage ob sie 100% Operator würden, den (LOM)REINgewinn, abzüglich über das Minenleben benötigte Kosten +Optionszahlung +Explorationskosten +aktuelle Bewertung, versuchen würde abzuziehen -dann dürfte nicht mehr sehr viel übrig bleiben. Nur um das mal vor Augen zu führen: schon der OPERATING Cash Flow(über das "MINENLEBEN") beträge in der Basisannahme NUR 37.700.000C$.

Zudem wäre dass Minenleben aktuell ultrakurz -und die "Pre Tax Financial Summary" kann m.A.n. nicht so ganz stimmen -in der Kategorie "Payback on Initial Capital" müsste meiner Ansicht nach in der letzten Spalte eher Jahre, als Monate stehen. Aber so oder so scheint das mit dem "IRR" nicht aufzugehen.

Von daher -keine Ahnung, vielleicht haben sie Ihre Chance. Aber a) scheinen die Angaben in meinen Augen teilweise nicht richtig Sinn zu machen und b) dürfte es wenn vermutlich erheblich von der weiteren Exploration abhängen.

Ich würde erstmal nur davor warnen sich hier Traumhäuser zu bauen/blenden zu lassen.

Gruß
P.

[sinsala1986]

Antwort auf Beitrag Nr.: 42.628.395 von Popeye82 am 22.01.12 01:18:15

danke für dein kritisches posting,

man will sich hier auch keine traumhäuser bauen,

von dem ceo halte ich fachlich sehr viel (ohne ihm aber auch blind zu vertrauen),

das größte manko sehe ich in dem rückkaufsrecht von imperial metals. zwar müssten die dann auch 10 mio. cad$ mitbringen, aber das würde sich sehr negativ auf BOZ auswirken.

[sinsala1986]

gerade per e-mail eingeflogen vom CEO:

"Our mine plan has us mining the higher grade ore where this is practical. The first block to be mined is the upper portion of the Bob zone which is 14,000Tonnes@45gpt Au Insitu. This accounts for the greater than average cash flow in the early months resulting in a quicker payback."

in der news zur pea stehen oft preise in $/tonne mined. wenn man aber den gesamten tech report downloaded stehen da wohl auch daten mit $/oz Au drin.

[sinsala1986]

der neue tech report mit pea vom 23.12.11 ist auf sedar online gestellt.

auf seite 236 sieht man eine plantabelle über einnahmen, kosten und gewinn auf monatsbasis.

[sinsala1986]

Banks Island Gold Ltd. Reports Drill Intersection of 51gpt Gold (1.48oz/ton) Over 3.0m

http://tmx.quotemedia.com/article.php?newsid=49207449&qm_sym…

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2012) - Banks Island Gold Ltd. (TSX VENTURE:BOZ) -

High-grade gold encountered in multiple holes at the Tel Zone.
Intersections illustrate potential for expansion of high-grade resource at depth.

Banks Island Gold Ltd. (the "Company") announces that it has received assay results for nine diamond drillholes (1,923m) completed at the Tel Zone in February 2012.

Diamond drilling focused on expansion of the current resource at the Tel Zone. Highlights from the recent drilling include intercepts of 50.8gpt Au, 43gpt Ag over 3.0m in drillhole BIG-12-29 and 26.5gpt Au, 13gpt Ag over 2.5m in drillhole BIG-12-32. Significant mineralized intersections are displayed in Table 1.

Table 1 - Significant Mineralized Intersections
Hole From (m) To (m) Core
Interval (m) Estimated
True
Width (m) Au (gpt) Ag (gpt)
BIG-12-29 210.00 212.95 2.95 2.09 50.8 43
BIG-12-32 201.00 203.50 2.50 1.78 26.5 13
BIG-12-33 91.50 93.00 1.50 1.07 13.7 39
BIG-12-34 68.08 68.84 0.76 0.54 4.8 5

Drillholes BIG-12-29 and BIG 12-32, drilled at angles of -45°, intersected the mineralized zone below the current resource at the Tel Central Zone at a depth of 145m below surface. At this depth, the mineralized zone was intersected further into the footwall than expected, which may be related to a change in dip of the Tel Zone structure at depth or movement by faulting.

Mr. Mossman, CEO of the Company, stated; "Recent drilling at the Tel Zone illustrates the potential for expansion of the current high-grade resource to depth. The Company plans to drill additional holes to test the Tel Zone at depth after evaluation of the recent drill results is completed."

A 3.5m zone of weak and broken ground was encountered in the immediate hanging-wall of the mineralized zone, from 206.5m to 210.0m in drillhole BIG-12-29, resulting in near total core loss and an inability to sample that portion of the Tel vein.

Drillhole BIG-12-33 was designed as a resource definition hole for the Tel Central Zone at a depth of 60m below surface and BIG-12-34 tested the Tel Main Zone below the current resource at a depth of 40m below surface.

Dr. Dirk Meckert, PhD, P.Geo., is the qualified person who reviewed and approved the contents of this news release.

Analytical work was carried out by AGAT Laboratories Ltd. in Mississauga, Ontario. Quality assurance and quality control programs include the use of analytical blanks, standards, and duplicates in addition to the lab's own internal quality assurance program. Samples are fire assayed with an ICP-EOS finish to determine gold values. Samples containing greater than 10 g/t gold are fire assayed with a gravimetric finish.

The Company is a junior mining resource exploration company focused on exploring for and developing economically viable mineral resources. The Company's mineral property is located in British Columbia. For more information, please refer to the Company's website at www.banksislandgold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Benjamin W. Mossman, P.Eng., President, Director, & Chief Executive Officer

[sinsala1986]

Banks Island Gold Ltd. Announces Letter of Intent for Option to Acquire Red Mountain Gold Project

http://tmx.quotemedia.com/article.php?newsid=49396282&qm_sym…

-- LOI signed to acquire 100% of the Red Mountain Gold Project from Seabridge Gold Inc. -- Advanced gold property with historic mineral resource, 127,300m of diamond drilling, and 2,000m of underground development. -- Total expenditures on project to date amount to approximately $40 million.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2012) - Banks Island Gold Ltd. (TSX VENTURE:BOZ) (the "Company") announces that, further to its news release dated February 10th 2012, it has signed a Letter of Intent ("LOI") with Seabridge Gold Inc. ("Seabridge") for an option to acquire 100% of the Red Mountain Gold Project ("Project") located in British Columbia approximately 18 km east of the Port of Stewart, BC. The transaction is subject to TSX Venture Exchange approval and the execution of a definitive agreement between the parties.

The Red Mountain Gold Project, 17,100 hectares in size, is an advanced stage gold property. Expenditures on the Project to date amount to approximately $40M and includes 127,300m of diamond drilling, 2,000m of underground development, and advanced environmental, metallurgical, and engineering studies.

The Company has paid $100,000 to secure exclusive rights for the 120 day period following February 3rd, 2012, the date of the Letter of Intent (the "Exclusivity Period"), to conduct due diligence and to negotiate an option agreement with Seabridge for the acquisition of the Red Mountain Gold Project. The Company has completed its due diligence review of the Project and is satisfied and is moving ahead with settling the definitive option agreement. The terms of the LOI contemplate that the Company may earn a 100% interest in the Project from Seabridge by making the payments to Seabridge as detailed below:

- $100,000 cash payment to secure the 120 day Exclusivity Period.

- $900,000 cash payment and 4,000,000 common shares of the Company upon execution of the Option Agreement, which must be executed before expiry of the 120 day Exclusivity Period.

- $1,500,000 cash payment on or before the 18 month anniversary of the LOI.

- $9,500,000 cash payment on or before the 3 year anniversary of the LOI.

Mr. Benjamin Mossman, the Company's President and CEO, stated, "The advanced Red Mountain Gold Project represents an excellent opportunity for the Company to apply its core competency in mine engineering and project development. The Project may lead to synergies with our near term production goals at the Yellow Giant Gold Property and allow the Company to present a plan for significant, growing, and sustained gold production."

Mr. D. L. Craig, P.Geo, prepared a mineral resource estimate for the Marc, AV, and JW Zones effective March 4th, 2002 for Seabridge titled "Red Mountain Project, British Columbia, Canada Technical Report". Mr. Deptuck, P.Geo, SRK Consulting, prepared a mineral resource estimate for the 132 and 141 Zones effective January 2005 in the technical report titled "Mineral Resource Estimation Zones 132 and 141, Red Mountain Gold Project, British Columbia".

A qualified person of Banks Island Gold has not done sufficient work to classify the historical estimate as a current mineral resource. The Company believes these historic resource estimates are relevant to the Red Mountain Gold Property and are reliable in general. However, Banks Island Gold is not treating the historical estimates as current mineral resources. Aggregated Historic Mineral Resources estimated for Seabridge Gold at Red Mountain using a 1.0 g/t gold cut-off grade are displayed in Table 1.
Table 1 - Red Mountain "Historic" Mineral Resources

Category Tonnes Au Grade(gpt) Ag Grade(gpt) Gold(oz) Silver(oz)
Measured & Indicated 1,594,200 7.8 29 400,000 1,500,000
Inferred 2,075,000 3.7 6 248,000 372,000

The Company has retained Mr. Robert Baldwin, P.Eng., to prepare an updated NI 43-101 compliant Technical Report on the Red Mountain Gold Property and supervise the preparation of a current mineral resource estimate and Preliminary Economic Assessment (PEA). Mr. Lyn Jones, P. Eng, of ConsuMet Ltd. has been retained to prepare the metallurgy and process components of the PEA.

Mr. Benjamin Mossman, P.Eng, is the qualified person who reviewed and approved the contents of this news release.

The Company is a junior mining company focused on the advancement of two advanced stage gold properties towards commercial production. The Company's mineral properties are located in the northwest coastal region of British Columbia. For more information, please refer to the Company's website at www.banksislandgold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Benjamin W. Mossman, P.Eng, President, Director, & Chief Executive Officer

[Fantomas96]

Neue Präsentation nach Red Mountain Aquisition:

http://www.banksislandgold.com/i/pdf/Presentations/BOZ_INVES…

FANTOMAS

[Fantomas96]

Antwort auf Beitrag Nr.: 42.628.131 von sinsala1986 am 21.01.12 21:12:27

Hallo sinsala,

die neue Präsentation ist sehr aufschlußreich (vor allem Seiten 27/28 mit den Strategie-Plänen), da mit der neuen Aquisition eine Produktion von 2015-2020 geplant ist.

Deine Aussage aus der SWOT-Analyse kann ich für Yellow Giant allerdings nicht so ganz nachvollziehen:

Ressource kann nicht nennenswert oder nur unwirtschaftlich vergrößert werden

Ich finde, hier gibt es doch Explorationspotential (s. Seiten 21/22).
Oder habe ich da was übersehen?

FANTOMAS

[sinsala1986]

Antwort auf Beitrag Nr.: 42.938.313 von Fantomas96 am 21.03.12 22:00:16

der CEO bringt alles immer sehr schön aufbereitet und up-2-date

das ist als risiko ein bestandteil der swot, klar bietet es großes upsidepotenzial, aber dann muss auch erstmal was nennenswertes nachgewiesen werden. das meiste, was schon bekannt an ressource ist, ist meist "relativ" bodennah, aber dann "open at depth" und das wird teurer. dann bei einer minen mit einer kleinen bekannten ressourcen, muss das dann im verhältnis stehen.

bin da eher konservativer rangegangen, von der fähigkeit des ceos bin ich vollends überzeugt.

[DerRohstoffbulle]

miniresource, auf einer insel vor BC...
"Ressource kann nicht nennenswert oder nur unwirtschaftlich vergrößert werden"

permit vorhanden? keine rede davon!


schöngerechnete PEA

lasst euch nicht verarschen!

[sinsala1986]

Kannst du das näher definieren mit "schöngerechnet"?

[sinsala1986]

Antwort auf Beitrag Nr.: 42.938.394 von sinsala1986 am 21.03.12 22:45:57

Banks Island Gold Ltd. Reports NPV(8%) of $155M and IRR of 43% From Red Mountain PEA

Komplette News --> http://tmx.quotemedia.com/article.php?newsid=52115535&qm_sym…

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2012) - Banks Island Gold Ltd. (TSX VENTURE:BOZ) -

NI43-101 Preliminary Economic Assessment for 1,800tpd underground gold mine completed.
PEA study contemplates gold equivalent production of 114,000oz per year at a cost of $459/oz.
Banks Island Gold plans to initiate exploration, permitting and feasibility studies at Red Mountain.

Banks Island Gold Ltd. (the "Company") announces results of a Preliminary Economic Assessment (PEA) for significant underground gold mining operation at the Red Mountain Project, located 30km east of Stewart, British Columbia.

The NI43-101 compliant PEA study, dated June 14th 2012, was prepared by independent consultants, Mr. Robert Baldwin, P.Eng and Mr. Lyn Jones, P.Eng. The study considers a 1,800 tonne per day operation based on the current Mineral Resource at the Red Mountain Gold Property. Underground mining methods are proposed with the utilization of flotation and cyanidation for the production of gold dore onsite for shipment to a refinery.

Pretax Financial Summary

The base case scenario, using the 3 year rolling average price of gold of $CDN 1,360 per troy oz, resulted in a pretax NPV(8%) of $CDN 155M, an IRR of 43%, and a payback of initial capital of 1.2 years.

A scenario using the current price of gold of $CDN 1,700 per troy oz was also considered. The financial summary for the base case and current price scenario is presented Table 1.
Table 1 - Pretax Financial Summary

FINANCIAL SUMMARY (PRETAX)
BASE CASE CURRENT PRICE UNITS
PRICE OF GOLD $1,360 $1,700 $CDN/oz
MINE LIFE 4.3 years
TOTAL ORE MINED 2,845,000 Tonnes
GOLD PRODUCTION 474,382 oz
SILVER PRODUCTION 1,233,405 oz
GOLD EQ* PRODUCTION 499,050 oz Aueq
AVERAGE ANNUAL PRODUCTION 115,246 oz Aueq / year
OPERATING COST PER OZ** $459 $471 $CDN/oz Aueq

TOTAL REVENUE $678,709,000 $848,386,000 $CDN
TOTAL OPERATING COST $206,789,000 $206,789,000 $CDN
ROYALTIES PAYABLE $22,505,000 $28,444,000 $CDN
OPERATING CASH FLOW $449,415,000 $613,153,000 $CDN

CAPITAL COST $162,671,000 $162,671,000 $CDN
PROPERTY ACQUISITION $11,000,000 $11,000,000 $CDN
INCOME AFTER CAPITAL $275,744,000 $439,482,000 $CDN

NPV(8%) $155,398,000 $264,134,000 $CDN
NPV(5%) $192,779,000 $318,980,000 $CDN
NPV(0%) $275,744,000 $439,482,000 $CDN
IRR 43% 63%
PAYBACK ON CAPITAL 1.2 0.9 years

*Gold Equivalent calculated by converting silver to gold at ratio of 1:50
**Operating Cost per oz gold equivalent including royalties payable

The minable resource used in preparation of the preliminary assessment is partially based on an Inferred Resource. The preliminary assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the results and conclusions presented in this preliminary assessment will be realized .

Mr. Mossman, President of the Company stated; "The Preliminary Economic Assessment on our newly acquired Red Mountain Gold Property demonstrates its potential as a significant low-cost producing gold mine. The excellent geometry and grade of the Red Mountains mineralized zones allow the use of highly productive mining methods and the planned adit from the Bitter Creek valley allows year-round access to the planned mine and a superior exploration platform in the depths of Red Mountain. The Company plans to continue advancing the Red Mountain Project through exploration, environmental permitting, and feasibility studies."

Resource Estimate

Mr. Baldwin, P.Eng prepared a current Mineral Resource estimate for Red Mountain, which is presented in the Technical Report & Preliminary Economic Assessment on the Red Mountain Gold Property on June 14th 2012. Mr. Baldwin modeled the significant mineralized zones at Red Mountain and calculated the Mineral Resource for gold and silver. Gold and silver assays used in the resource estimate were capped to the 98th percentile, resulting in a top cap of 70gpt for gold and 348gpt for silver. The current Mineral Resource is displayed in Table 2 and is effective as of June 14th 2012.

Based on the current Mineral Resource, a diluted minable resource was calculated for the purposes of the PEA study. The Red Mountain mineralization is broken into four distinct zones for the purposes of mine planning. The estimated diluted minable resource is presented in Table 3.

Mining Summary

The current mining methods proposed for the Red Mountain Project are transverse open stoping methods with the use of cemented paste fill for the Marc, AV, and 141 Zones and longitudinal longhole retreat method for the JW Zone.

Proposed access to the underground Red Mountain Project will be provided by a 7,190m adit, at a grade of +15%, from the Bitter Creek Mill site. Based on the current mineral resource estimate, mine production is planned to be 657,000 tonnes per year (1800tpd) over a mine life of 4.3 years (52 months).

Mineral Processing

Mr. Jones, P.Eng is responsible for the engineering designs, calculations, and recommendations related to mineral processing and metallurgical engineering, which is presented in the Technical Report & Preliminary Economic Assessment on the Red Mountain Gold Property on June 14th 2012. The proposed method of gold and silver recovery from the Red Mountain Gold Property consists of conventional crushing and milling, followed by froth flotation and CIL cyanidation of the flotation concentrate. The Red Mountain Project will produce gold/silver dore for shipment to a precious metal refinery.

Flotation and cyanidation recoveries were estimated from historical test work. Estimated metallurgical recoveries of 82% gold and 72% silver were assumed for the Red Mountain PEA study.

The objective of the PEA study was to optimize the Red Mountain process flowsheet to provide maximum gold and silver recoveries. Whereas previous flowsheets have included whole ore fine grinding followed by CIL/CIP cyanidation, the process route recommended is to produce a sulfide concentrate for fine grinding and subsequent CIL cyanidation. While there is some additional loss of cyanide recoverable gold in the flotation tailings, this method offers the following advantages over the whole-ore cyanidation flowsheet:

Reduced plant capital costs in the areas of fine grinding and cyanidation.
Lower operating costs associated with milling power and cyanide consumption.
Low-sulfide and coarse particle size flotation tailings for surface deposition.

Non-acid generating tailings from the flotation circuit will be sent to a tailings storage facility proposed to be located immediately south of the Bitter Creek Mill Site. A minor valley created by a series of outcrop knobs is located in this area, which creates an excellent area for tailings storage. This valley only has minor inflows from a branch of Otter Creek, which is separate from the large flows of Bitter Creek.

Potentially acid generating tailings from the CIL circuit will be sent underground and utilized as cemented paste backfill material to provide support for mining adjacent longhole stopes and to create nearly impermeable material to reduce the acid generating potential.

Infrastructure

A 14km access road from Highway 37A to the Bitter Creek Mill Site requires significant repairs and reconstruction. A 14km transmission line is planned to be constructed to connect the mine and mill to the BC Hydro electrical grid.

The Bitter Creek Mill Site is planned to be located on a gently sloping terrace at the planned portal location of the Bitter Creek Mine Adit. Water supply for the mill will be from groundwater, reclaimed water from the settling ponds, and fresh water from Bitter Creek.

BC Hydro maintains a 138kV transmission line which runs along Highway 37A to Stewart, BC. It is intended that a 14km transmission line will be built by the Company to connect the Bitter Creek Mill site to the BC Hydro electrical grid.

Operating Costs

Based on the mine design and schedule, an estimate of operating costs was derived for the PEA study. Costs are based on productivities, labour, and material costs obtained from supplier and contractor quotes, cost data from other mines, first principle calculations, and experience.

A summary of operating cost estimates for the Red Mountain Gold Project are displayed in Table 4. Operating costs have been estimated at $206,789,000 over the current 52 month mine life averaging $72.68 per tonne milled.

Capital Costs

Capital expenditures related to design, permitting, construction, and commissioning of the Red Mountain Gold Property are modeled to occur in a 3-Year pre-production period. All expenditures that are expected to occur after commercial production has commenced are treated as operating costs.

The estimated capital cost from feasibility through to commercial production is estimated at $162,671,000, including cost contingencies. A summary of estimated capital costs is presented in Table 5.
Table 5 - Initial Capital Cost Summary

CAPITAL COST SUMMARY
FEASIBILITY STUDY $6,477,000
ROAD BUILDING & POWER TRANSMISSION $8,386,000
MOBILE EQUIPMENT $16,560,000
MINE STATIONARY EQUIPMENT $2,383,000
MINE DEVELOPMENT & CONSTRUCTION $39,271,000
SURFACE STRUCTURES $8,488,000
BACKFILL PLANT $7,000,000
MILL EQUIPMENT & CONSTRUCTION $53,979,000
COST CONTINGENCY $20,127,000
TOTAL $162,671,000

Based on the production schedule and expected operating costs, a working capital requirement of $11,000,000 is anticipated. The working capital is adequate to cover all operating costs expected for the first three months of production.

Environmental and Permitting

The Red Mountain Project will require a formal review under the BC Environmental Assessment Act prior to being issued a Mines Act permit. The Environmental Assessment review process was initiated in 1996 by a previous Property owner but was subsequently withdrawn. The Environmental Assessment information is available for future use. The most important waste management issue for the Red Mountain Project is the prevention and control of ARD from the tailings and any potentially acid generating rock, which is produced during mine development or operation.

Banks Island Gold places a high priority on minimizing environmental impacts, mine closure, and reclamation of its projects without the creation of long-term environmental liabilities. The Red Mountain PEA study incorporates sulphide flotation in the process flowsheet before cyanidation to produce a coarse, non-acid generating tailings product for surface disposal and reduce grinding and cyanide use.

Potentially acid generating tailings from the sulphide concentrate will be sent underground and utilized as cemented paste backfill material to provide support for mining adjacent longhole stopes and to create nearly impermeable material to reduce the acid generating potential.

Detailed metallurgical testwork is required to verify the assumptions and designs presented in the PEA.

Mine Life and Exploration Potential

There is high potential for expansion of minable resources at Red Mountain with a resulting increase in the mine life. Historic drilling results suggest that mineralization at Red Mountain may continue past the current minable resource at depth and mineralized intercepts exist outside the current resource at Red Mountain. The 132 zone was not included in the current mineral resource. Based on historic resource estimates by previous operators this area has a high potential for resource expansion through additional diamond drilling.

Sensitivity Analysis

An analysis was performed to determine the sensitivity of the NPV (8%) to changes in key input parameters. Gold price, ore grade, capital cost, and operating cost were varied from -60% to +140% and the resulting NPV (8%) was calculated. The results of this analysis are displayed in Figure 1. The project economics are highly sensitive to changes in the price of gold and the ore grade but significantly less sensitive to changes in operating and capital costs.

Note: To view Figure 1, please click the following link: http://media3.marketwire.com/docs/boz0618figure1.pdf.

Recommendations

The preliminary economic assessment presented in the PEA indicates an underground gold mining operation at Red Mountain may be viable. It is recommended that the Project be advanced towards a pre-feasibility or feasibility level study.

A feasibility level study is recommended at an estimated cost of $6,477,000. The recommended work is comprised of a diamond drilling program with a budgeted cost of $4.2M and engineering and environmental studies at a cost of $2.3M.

Diamond drilling is required to bring the current Inferred Mineral Resource into the Measured and Indicated Mineral Resource categories. Detailed metallurgical testwork is required to verify the assumptions and designs presented in the PEA and advanced fieldwork and engineering is required for road design, electrical transmission lines, foundations, tailings facilities, and structures.

Mr. Robert Baldwin, P.Eng is the qualified person who reviewed and approved the contents of this news release. The NI43-101 Technical Report & Preliminary Economic Assessment on the Red Mountain Gold Property dated June 14th 2012 has been posted on SEDAR and will be available on the Company's website.

The Company is a junior mining resource exploration company focused on exploring for and developing economically viable mineral resources. The Company's mineral properties are located in British Columbia. For more information, please refer to the Company's website at www.banksislandgold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Benjamin W. Mossman, P.Eng, President, Director, & Chief Executive Officer

[SEPP_EIXLBERGER]

Banks Island Gold Ltd. Intersects 6.3gpt Gold over 52.5m at Red Mountain-Including 32.0gpt Au over 7.2m

http://www.marketwire.com/press-release/banks-island-gold-lt…

[TimLuca [KommA]]

Antwort auf Beitrag Nr.: 45.339.563 von SEPP_EIXLBERGER am 28.08.13 09:23:09

Jute Tach Sepperl....

Banks Island Gold: Mit hochgradiger Ressource vor Produktionsstart
Erwin Matula - 30 Aug 2013 - keine Kommentare


Banks Island Gold (TSX-V: BOZ: ISIN:CA0664831082) ist ein kanadisches Explorationsunternehmen und entwickelt zwei fortgeschrittene Goldprojekte „Red Mountain“ und „Yellow Giant“ in der kanadischen Provinz British Columbia zur Produktionsreife.

Unternehmensdaten im Überblick: http://www.miningscout.de/blog/2013/08/30/banks-island-gold-…


@sinsala, anscheinend schaffen die es mit der Produktion!
High Grad ist in, low Grad ist out.....


Gruß
Stefan

[sinsala1986]

Antwort auf Beitrag Nr.: 45.356.433 von TimLuca am 30.08.13 12:33:31

tja, hatte das unternehmen schon länger auf der watch,

der CEO scheint sehr kompetent und hatte mit einem aus seinem board regen informationsaustausch,

das mit der BCSC irritiert n bissl