VGAA - 500 Beiträge pro Seite

[dirkbe]

New here. I hope you don`t mind my English. Mein Deutsch isn`t that wunderbar so...

Has anybody checked VGAA? This mining company is listed on the Xetra too.

I`ve got a feeling not too many people have discovered this company yet. You should take a closer look. They have joint ventures with the Chinese. They are trading at 0.45 USD. A ridiculious price if you know that their future gold production values their share at 3.9 USD. And we haven`t discussed silver and zinc. So a fair price would be between 3 and 5 USD

Take care

DDD

[dirkbe]

Hello again,

As said in my previous post the future of Vega Atlantic is looking very good.
Based on future earnings this stock should be trading between 3 and 5 USD.

Now I`ve been doing some research regarding silver prices too.
I`ve learned that the production cost for 1 oz of silver is around and about 2.85 USD/oz.
The market price for silver is 4.93USD/oz.
That means profits of 2USD/oz.
VGAA plans to produce 1,000,000 oz/year
So that means profits of 2,000,000 USD per year for silver.

If we divide it by the amount of shares (21,500,000) we have an EPS of 0.094USD/share
If we use a P/E of 6 we end up with a share value of 0.56 USD for silver.

We already had 3.9 USD share value for their gold production. If we add them up together
VGAA fair value per share is 4.5 USD

The good news: it`s only trading at 0.5 USD but not for long anymore.

4.5 USD fair value and we still haven`t talked about ZINC.

Take care

DDD

[AutoMobilist]

@dirkbe

Your analysis is cool. But there are no trades (only 3 times) until it is listed at the Frankfurt Stock Exchange (FSE) in this share. It is a problem to get there any share to a fair value...

AM

[Gilligan]

Hi Automobilist,

how about buying in the US, if you want to buy US-Microcaps in Germany, you are going to pay more most of the time.
Buying in the US costs more commission, but you pay less per share.

Good Luck

Gilligan

[AutoMobilist]

@Gilligan

My way of investing in a share doesn´t allow to much commissions. Normally I buy the shares different times to differnt prices...

Thank you, for your tip.

AM

[dirkbe]

Hi everybody,

I know trading volume is lower in Germany then in the US. But they are working on exposure. Did you know they are waiting for a PAR report from www.investrend.com?

It should be out by the end of the month. You should visit the site and add your email address to their mailing list. Scroll down their homepage. You will find an article about the enrollment.

About the VGAA PAR report: will be popping up on 2,000,000 PC screens

Read on:
Investrend Research, with its PAR continuing company research program, is one of the several leading independent securities research firms. Investrend is known for its research quality and independence, and is not affiliated with any stock brokerage or investment banking. Its research distribution model is widespread, and company reports written by Investrend analysts are available worldwide through our own web site, as well as the main databases and electronic distribution services. These include Zacks, I/B/E/S, Multex, Investext, and Nelsons. Investrend analysts` EPS estimates and recommendations are available through the two main estimate reporting services, Zacks and I/B/E/S. Investrend reports are featured reports on Stockgroup.com`s smallcapcenter.com, the recent Forbes Magazine award winning "Best of Web Sites".

Summaries of all issued research reports are distributed by InvestorWire (and AnalystWire) to over 2,000,000 terminals throughout the Wall Street community. This includes money managers, brokers, analysts, financial news databases such as Yahoo and NewsAlert, and many others. Through our elite media partners network, we reach Bridge, Bloomberg, Dow-Jones, Comtex, Lexis-Nexis, Hoover, and The Financial Times through Investext Group. These summaries are as well distributed to our growing list of opt in email investors.


Good night all


DDD

[Tresorknacker]

Ich habe die Beiträge über Vega in den letzten Tagen mit Interesse durchgelesen. Danke für den Tipp.

Ich habe heute beim Durchforsten der VEGA-Homepage herausgefunden, daß diese, nebne den chinesischen Projekten, weitere Goldprojekte in Panama und in Idaho haben. Außerdem will Vega laut älteren Pressemitteilungen auch in den Öl-, und Gasbereich expandieren.

Die Aktie wird noch mal richtig abgehen.

Viele Grüße
TKN

[dirkbe]

Tresorknacker, you`re welcome but ...

I don`t know if you have visited http://vega-atlantic.com recently. For the moment they are only working in China. You should click on the link "Projects". It only mentions Chinese joint ventures. The Panama deal is off. After doing Due Diligence (research) they decided that particular mine didn`t have its ducks in a row as they say. So for the moment there`s nothing going on until that Panama mine puts its act together. As for Idaho, I believe they have property but they are not exploiting it. So, what it really comes down to is China for the moment. But, hey, ... look at the calculations... Vega is working very hard and they will probably ramp up production late fall of this year. All what we have to do is be patient...

Good night

DDD

[dirkbe]

VGAA News!!

Production in Shangai will probably start in October 2000!!



Thursday July 6, 10:31 AM Eastern time

Company Press Release

Vega-Atlantic Corporation Announces
Independent Geologist Report Update On
Bianfushan and Shangzai Gold Deposits in
China

DENVER--(BUSINESS WIRE)--July 6, 2000--Vega-Atlantic Corporation
("the Company") (symbol Frankfurt Exchange: VGA symbol OTCBB: VGAA)
announces the results of the independent geologist report of Mr. David Taylor
dated June 25, 2000 on the China located "Shangzai" and "Bianfushan" gold
deposits from his site visit May 20-21, 2000.

The Company owns an 80 interest in Tun Resources Inc. ("Tun Resources"),
which is the major stakeholder in two gold exploration and development joint
ventures in the Yunnan Province of China. Tun Resources, through its
Sino-Foreign "Yuntong" joint venture, is currently in the mine construction
phases of its Shangzai gold deposit, and has plans to place its Bianfushan gold
deposit into production in the first quarter of 2001. The fully permitted Shangzai
gold deposit is scheduled to be in production this October, providing
Vega-Atlantic with its first producing mine interest before year-end. The two
concessions contain a 100,000 ounce gold resource with other claim areas
providing further strong exploration potential.

A June 25, 2000 Addendum Report to the January 29, 1999 report conducted
by independent geologist, Mr. David Taylor, on the Shangzai and Bianfushan
gold deposits has been commissioned. Independent geological report highlights
are provided with excerpts from the report shown in quotation marks
throughout this news release.

-- "Introduction" -- "Since the writer`s (David Taylor) report of

January 29, 1999 and his visit to the Zhen Yuan area on May

20-21, 2000, work has continued on the Bianfushan and Shangzai

properties. During the May, 2000 visit, meetings were held

with Mr. He Wan Ju, Chief Geologist of Yunnan Yuntong

Exploration Company Ltd., as to the status of this work, but

(at the time of that meeting) Mr. He had not received his

assay results. Mr. He has (subsequently) on June 20, 2000,

forwarded his maps and (assay) results of the limited work

conducted on these properties in the last 18 months."

-- "Shangzai" -- "Since February, 2000, Shangzai has received

steady attention. Over 540 meters of trenches (8 trenches) and

149 meters of pits (13 pits) with 60 meters of branches have

been dug. 201 total samples have been taken and analyzed

during this work. Local access roads are under construction to

facilitate mining this access will also provide access for

the recommended diamond drilling of the deeper mineralization

at Shangzai."

-- "Sections have been received from line 27 to 39 on 20 m.

spacings (except 37) showing the latest pre-production

trenching, pitting and assays. It is expected that a 1 g/tonne

Au cutoff will be applied to feed for the leaching operations

and it can be seen that several significant sections of 6-8

g/tonne material are evident in sections 33, 31, and 29. The

estimate of He Wan Ju, the chief site geologist is that the

reserves above the elevation of the main access road (up to 25

m.) contain 569,430 tonnes of leachable ore at 5.44 g/tonne

containing 309.82 kg (9,961 troy ounces) of gold this

includes 9,970 tonnes of uneconomic rock at 1.35 g/tonne

containing 13.48 kg. of gold. Applications have been submitted

and plans are being finalized to bring this area into

production as soon as possible."

-- "Bianfushan" -- "Results have been received from a 40 m.

cross-cut or vein drift and 30 m. of sub-drifting on the No. 5

ore zone at Bianfushan. The plan shows a 1.5 m section of

mineralization at the 20 m. underground sub-drift that ran 1.4

g/tonne of Au, and 5m. of 11.25 g/tonne Au is noted in the 40

m. subdrift, all within the fault identified as F-33. The

trench above the cross-cut gave an assay of 6.16 meters of

5.01 g/tonne Au. It is planned to extend the cross-cut further

into the fault zone by at least another 40 meters and also to

place new exploration drifts at 40 m. intervals above the

current workings. Four such new adits are planned."

For further information contact Gary Powers at 800/209-2260 or
303/740-6737.

SAFE HARBOR STATEMENT

Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, commodity prices of precious metals
and actual results differing materially from projections because of geological
factors, operation factors, government regulations or factors relied upon from
independent sources, may either negatively or positively impact exploration or
mining operations. Forward-looking statements involve known and unknown
risks and uncertainties that may cause the Company`s actual results in the future
periods to differ materially from forecasted results. The Company assumes no
obligation to update the information in this release.

Vega-Atlantic Corporation common stock is traded on the Frankfurt Stock
Exchange (FWB) under the symbol VGA, and on the OTC Bulletin Board in
the United States under the symbol VGAA.

Contact:

For Vega-Atlantic Corporation --
Investor Relations
Gary Powers, 800/209-2260 or 303/740-6737
Fax, 800/713-5349 or 303/740-6738

[e-mail]

vega-atlantic.com

[Tresorknacker]

@dirkbee

I have seen, that this press release is also available in the goldthread. But there it is directly in German.

Thread: Vega-Atlantic: Geologenbericht über Bianfushan und Shangzai

Greeting
TKN

[dirkbe]

TKN

Thank you. I am new to this site so I don`t know the rules about posting a press release. It`s great to hear that the PR was immediately released in German too. It tells me how important the German investor community is to VGAA.

Again, thank you for telling me!! And enjoy the good news. We`re getting there.


Dirk

[Tresorknacker]

@Dirk

In this Board aren´t any rules about the posting of any news releases...

From where do you are?


Greetings
TKN

[dirkbe]

Belgium

[dirkbe]

Unbelievable?

Someone I talked to today said the production price for gold in China could be less then 100USD/oz. (lower labor costs combined with new Western extraction technology)

If this is true then VGAA has an even greater future then I thought.

DDD

[Tresorknacker]

@Dirk

You think, that there might be a different of 180$/oz between the goldprice and the production costs? I think that this sounds very nice.

What do you think about the price for the production of zinc and lead?

TKN

[dirkbe]

Indeed Tresor,

I was amazed too. I`ve been doing some calculations regarding VGAA gold earnings. You know they have a 70% stake in their Chinese ventures. They are predicting a year production of 100,000 oz.

I`ve always thought the production price for the extraction of gold was 150USD/oz.

Now if we calculate again with a production price of only 100USD/oz the future looks even brighter!!!

Gold is sold on the market at 280USD/oz. So that makes a profit of 180USD x 100,000oz x 70%= 12,600,000 USD per year!!

21,500,000 shares outstanding gives us earnings per share of 0.59USD.

Take a conservative P/E of 6 and you have a fair price of 3.6USD on gold only. We haven`t discussed silver and zinc earnings.

Regarding zinc, I know the production price is app 700 - 900USD/ton
But I don`t know how much they can produce per year. I am still waiting for some numbers to finalize the calculation.

Silver then. VGAA predicts a production of 1,000,000 oz per year.
The production price for silver in Mexico is 2.85USD/oz. The market price is 4.9USD/oz

In China I`ve heard the production price would be only 2.35USD/oz. So that means silver earnings could mount up to 2.5USD x 1,000,000oz x 70% = 1,750,000USD per year.

Per share: 0.08 USD
P/E: 6
0.08 x 6 = 0.48USD fair value for VGAA based on silver production.

gold + silver gives thus a fair value of 4.1USD

Looking good isn`t it?

DDD

[dirkbe]

Nice news today!

It`s good to see Vega has hired a professional IR for Germany and Europe.
I have mailed Gary Powers all the addresses of Belgian and Dutch brokers and banks.
I hope he will forward them to Herr Heinz... so he can send them the VGAA Annual Report!!

Let`s give this company some exposure.

DDD

[dirkbe]

The appointment of Mr Heinz is well received in the American Investment community.
I must say I am very impressed with his curriculum myself.
I truly belief Mr. Heinz will be an assett to the company.

DDD

[dirkbe]

Got some zinc numbers

I found out that the zinc production price in China lies between 400 and 500 USD per ton.
(According to a mail I received from Union Minière, one of the world largest buyers of zinc,
the zinc production cost is between 700 and 900 USD per ton BTW, the prices came from the Australian Mineral Economics)
I know it sounds amazing but I`ve been hearing lots of low numbers lately.
Anyhow let`s do some calculations...



Market price for zinc is $1145 per ton.
Let`s take a production price of $500 per ton and a production per annum of 10,000 ton to play it safe.

That`s a profit of $645 per ton.

645 x 10.000 x 70% = $4,515,000 per year

EPS = 4,515,000/21,500,000 = $0.3 per share!!

With a P/E of 6 we have a fair value of $1.8 per share based on zinc production of 10,000 ton oer year only.
What if it is more?!!

Remember my calculation regarding silver and gold?

If we count all those fair values together where do we end up?

Gold and silver profits already gave a fair share value of $4.1 (production price for gold $100/oz
and $2.25/oz for silver)

$4.1 + $1.8 = $5.9

And we`re trading at $0.4. All this will change when production starts later this year.

Anyone? Did I make mistakes in my calculations?

Dirk

[Tresorknacker]

@Dirk

I never have heard anything about Mr. Rudolf Heinz. Do you know more about him. I hope you can tell me more details...

TKN

[dirkbe]

Tresor,

I dunno much about Mr. Heinz myself. Reading the last PR I was pretty impressed with his background though. I know he will be going to the States soon to talk about the marketing strategy for VGAA in Europe. They are making plans right now but it isn`t the right timing to undertake anything now. Lots of investors on holiday. It`s no use to campaign right now. I expect the exposure campaign to start in September. By that time they will have the results of the PAR report (remember http://www.investrend.com)

Take care

Dirk

[AutoMobilist]

@Gilligan

Do you have seen the trades of Vega at FWB during the last two days?