Monarca Minerals ehemals OREMEX SILVER INC V.OAG ein aussichtsreicher Silber Explorer aus Mexiko (Seite 996)
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Antwort auf Beitrag Nr.: 34.281.490 von Popeye82 am 11.06.08 14:24:50Hier der volle Artikel:
June 10, 2008
Oremex Sees a Small Light at the End of Tejamen Tunnel
By Our Canadian Correspondent
Back in 2003 Oremex Resources was well ahead of the commodity curve as it advanced its Tejamen silver property in Mexico’s Durango state, and over the following two years investors rewarded the company by bidding its share price up to more than C$1 apiece. But fast forward to 2008 and rather than benefiting from soaring silver prices shareholders have been punished by a land access issue.
The Tejamen silver property lies within the mineral-rich Sierra Madre Occidental geological province of central Mexico and hosts 50.8 million silver-equivalent ounces within an inferred resource of 22.6 million tonnes averaging 66.9 grams silver and 0.05 grams gold per tonne, or 69.8 grams silver-equivalent. Initial column-leach tests were favourable, delivering 78 per cent silver extraction, so no problems there. A preliminary assessment study completed in 2006 envisioned a 10,000 tonne per day heap leach operation that would be profitable at US$8 per ounce silver and have a seven year mine life. Using US$10 per ounce for silver and silver recovery of 70 per cent, the net present value rings in at US$58.6 million. At a silver price of US$12 per ounce the project’s net present value rockets to US$97.4 million. Initial capital costs came in at a reasonable US$45.2 million with working capital reckoned at US$8.6 million. With the price of silver starting to move higher, everything seemed to be on track for a profitable operation and investors were a happy lot. But then a social issue put the project on ice and it’s been downhill for shareholders ever since.
Despite the fact that Oremex owns a 100 per cent interest in the mineral concessions, with no ongoing obligations, the company does not have surface access rights. Under Mexican mining law, holders must either negotiate access arrangements with the owners of the surface rights, or undertake a federal legal process for expropriation or temporary occupation. From 2004 to 2006, Oremex was granted the right to surface access by the local land owners known as Ejido. However late in 2006 Oremex was unsuccessful in securing a renegotiated agreement for surface access over the project. Although the vote at Tejamen from the Ejido was close to passing, close doesn’t cut it and the activity at the project was halted. Since 2007 Oremex has continued discussions with the Ejido in order to reach a mutually beneficial agreement and in the meantime it’s also initiated proceedings to gain surface access under applicable federal laws.
But from the social point of view this is not a slam dunk case. The proposed 10,000 tonne per day heap leach operation calls for the open pit mining of two mineralized zones, dubbed Cerro Prieto and Los Mantos. A portion of the village of Tejamen lies between the two zones and in order to mine Cerro Prieto, the village would need to be relocated. On the plus side, mining of Los Mantos could be accomplished with minimal disturbance to the village and given that this zone hosts 70 per cent of the silver content, that would mean four years of production.
The State Governor’s office has stepped up to the plate and pledged support for the project. It’s also assisting in the resolution of any of the outstanding issues with members of the Ejido of Tejamen. On behalf of Oremex, the State Governor has designated members of his cabinet to assist with the negotiations. The President of Nuevo Ideal, the municipality that hosts Tejamen, has also publicly stressed the benefits that the project would bring to local and regional inhabitants, namely employment opportunities, social development programs, as well as the provision for small community enterprise. So armed with political support, Linda Thorstad and her team at Oremex are in daily contact with senior representatives of the federal and state governments in hopes for a breakthrough.
A rapid conclusion to this standoff would still leave Oremex with enough time to launch a full blown feasibility study in 2008 and cash in on high silver prices. Some 8,500 metres of diamond drilling and 32,700 metres of reverse circulation drilling are planned, as well as metallurgical test work to optimize the recovery process and plant design.
Oremex does have other exploration properties in Mexico and one has to wonder if the current market value of less than C$10 million finally offers some upside to shareholders. Clearly, any news that paves the way for Oremex to advance its flagship project will be treated favourably in the market and Oremex is banking that the tried and true method of having the backing of politicians will break the dead lock. Shareholders certainly hope so.
June 10, 2008
Oremex Sees a Small Light at the End of Tejamen Tunnel
By Our Canadian Correspondent
Back in 2003 Oremex Resources was well ahead of the commodity curve as it advanced its Tejamen silver property in Mexico’s Durango state, and over the following two years investors rewarded the company by bidding its share price up to more than C$1 apiece. But fast forward to 2008 and rather than benefiting from soaring silver prices shareholders have been punished by a land access issue.
The Tejamen silver property lies within the mineral-rich Sierra Madre Occidental geological province of central Mexico and hosts 50.8 million silver-equivalent ounces within an inferred resource of 22.6 million tonnes averaging 66.9 grams silver and 0.05 grams gold per tonne, or 69.8 grams silver-equivalent. Initial column-leach tests were favourable, delivering 78 per cent silver extraction, so no problems there. A preliminary assessment study completed in 2006 envisioned a 10,000 tonne per day heap leach operation that would be profitable at US$8 per ounce silver and have a seven year mine life. Using US$10 per ounce for silver and silver recovery of 70 per cent, the net present value rings in at US$58.6 million. At a silver price of US$12 per ounce the project’s net present value rockets to US$97.4 million. Initial capital costs came in at a reasonable US$45.2 million with working capital reckoned at US$8.6 million. With the price of silver starting to move higher, everything seemed to be on track for a profitable operation and investors were a happy lot. But then a social issue put the project on ice and it’s been downhill for shareholders ever since.
Despite the fact that Oremex owns a 100 per cent interest in the mineral concessions, with no ongoing obligations, the company does not have surface access rights. Under Mexican mining law, holders must either negotiate access arrangements with the owners of the surface rights, or undertake a federal legal process for expropriation or temporary occupation. From 2004 to 2006, Oremex was granted the right to surface access by the local land owners known as Ejido. However late in 2006 Oremex was unsuccessful in securing a renegotiated agreement for surface access over the project. Although the vote at Tejamen from the Ejido was close to passing, close doesn’t cut it and the activity at the project was halted. Since 2007 Oremex has continued discussions with the Ejido in order to reach a mutually beneficial agreement and in the meantime it’s also initiated proceedings to gain surface access under applicable federal laws.
But from the social point of view this is not a slam dunk case. The proposed 10,000 tonne per day heap leach operation calls for the open pit mining of two mineralized zones, dubbed Cerro Prieto and Los Mantos. A portion of the village of Tejamen lies between the two zones and in order to mine Cerro Prieto, the village would need to be relocated. On the plus side, mining of Los Mantos could be accomplished with minimal disturbance to the village and given that this zone hosts 70 per cent of the silver content, that would mean four years of production.
The State Governor’s office has stepped up to the plate and pledged support for the project. It’s also assisting in the resolution of any of the outstanding issues with members of the Ejido of Tejamen. On behalf of Oremex, the State Governor has designated members of his cabinet to assist with the negotiations. The President of Nuevo Ideal, the municipality that hosts Tejamen, has also publicly stressed the benefits that the project would bring to local and regional inhabitants, namely employment opportunities, social development programs, as well as the provision for small community enterprise. So armed with political support, Linda Thorstad and her team at Oremex are in daily contact with senior representatives of the federal and state governments in hopes for a breakthrough.
A rapid conclusion to this standoff would still leave Oremex with enough time to launch a full blown feasibility study in 2008 and cash in on high silver prices. Some 8,500 metres of diamond drilling and 32,700 metres of reverse circulation drilling are planned, as well as metallurgical test work to optimize the recovery process and plant design.
Oremex does have other exploration properties in Mexico and one has to wonder if the current market value of less than C$10 million finally offers some upside to shareholders. Clearly, any news that paves the way for Oremex to advance its flagship project will be treated favourably in the market and Oremex is banking that the tried and true method of having the backing of politicians will break the dead lock. Shareholders certainly hope so.
Oremex Sees a Small Light at the End of Tejamen Tunnel - June 10, 2008
- By Our Canadian Correspondent -
Back in 2003 Oremex Resources was well ahead of the commodity curve as it advanced its Tejamen silver property in Mexico’s Durango state, and over the following two years investors rewarded the company by bidding its share price up to more than C$1 apiece. But fast forward to 2008 and rather than benefiting from soaring silver prices shareholders have been punished by a land access issue.(...)
www.minesite.com/nc/minews/singlenews/article/oremex-sees-a-…
- By Our Canadian Correspondent -
Back in 2003 Oremex Resources was well ahead of the commodity curve as it advanced its Tejamen silver property in Mexico’s Durango state, and over the following two years investors rewarded the company by bidding its share price up to more than C$1 apiece. But fast forward to 2008 and rather than benefiting from soaring silver prices shareholders have been punished by a land access issue.(...)
www.minesite.com/nc/minews/singlenews/article/oremex-sees-a-…
Antwort auf Beitrag Nr.: 34.275.598 von blash5 am 10.06.08 17:18:10Das kann schon sein, ist mir persönlich aber auch wurscht wieviel Deine Jungs an Schmiergeld bezahlen müssen, die politische Lage ist auf jeden Fall instabiler als in Mexiko und demnach kann die Aktie auch ganz schnell wieder im Keller sein.
Finde es nur etwas uncharmant und albern hier mit seinen Aktienerfolgen zu prahlen, denn die hatten wir alle schon mal, genauso wie ordentliche Griffe ins Klo....
Wider jeglicher Diskrepanzen wünsche ich Dir natürlich auch weiterhin ein glückliches Händchen, denn ich hab ja auch nix davon, wenn Du es nicht hast...
Finde es nur etwas uncharmant und albern hier mit seinen Aktienerfolgen zu prahlen, denn die hatten wir alle schon mal, genauso wie ordentliche Griffe ins Klo....
Wider jeglicher Diskrepanzen wünsche ich Dir natürlich auch weiterhin ein glückliches Händchen, denn ich hab ja auch nix davon, wenn Du es nicht hast...
Antwort auf Beitrag Nr.: 34.274.679 von Oletta am 10.06.08 15:50:37Pardon, natürlich die Vorstandsvorsitzende.
Ist keine Schadenfreude, eher Sarkasmus (als Ex-Oremex-Aktionär)...
Oremex wird den Oberflächenzugang früher oder später bekommen. Und glaub mir, Douglas Lake muss in Tansania bestimmt mehr Beamte schmieren als Oremex in Mexiko.
Good luck.
Ist keine Schadenfreude, eher Sarkasmus (als Ex-Oremex-Aktionär)...
Oremex wird den Oberflächenzugang früher oder später bekommen. Und glaub mir, Douglas Lake muss in Tansania bestimmt mehr Beamte schmieren als Oremex in Mexiko.
Good luck.
Antwort auf Beitrag Nr.: 34.273.785 von blash5 am 10.06.08 14:07:59Na ja, hier heißt es wohl besser "die" CEO...
Gratuliere Dir zu Deinem Douglas-Lake-Coup, finde Deine Schadenfreude bezüglich Oremex aber etwas verfrüht und ziemlich bescheuert...
Wieso sollte Oremex keine Oberflächen-Lizenz erhalten, wenn es andere Firmen im selben Gebiet bekommen haben?
Wir sind in Mexiko und da muss halt manchmal etwas Zeit und eventuell auch ein bißchen Bares mitgebracht werden...
Gratuliere Dir zu Deinem Douglas-Lake-Coup, finde Deine Schadenfreude bezüglich Oremex aber etwas verfrüht und ziemlich bescheuert...
Wieso sollte Oremex keine Oberflächen-Lizenz erhalten, wenn es andere Firmen im selben Gebiet bekommen haben?
Wir sind in Mexiko und da muss halt manchmal etwas Zeit und eventuell auch ein bißchen Bares mitgebracht werden...
Trading Spotlight
Antwort auf Beitrag Nr.: 34.273.543 von Oletta am 10.06.08 13:36:39Kassenbestand per Ende Feb.: 1,036,611 CAD
Quartalsverlust: rund 300,000 CAD
Für ein paar Wochen reicht es noch. Korrekt. Aber der CEO hat schon vor 12 Monaten gesagt, dass es nur noch ein paar Wochen dauert.
Quartalsverlust: rund 300,000 CAD
Für ein paar Wochen reicht es noch. Korrekt. Aber der CEO hat schon vor 12 Monaten gesagt, dass es nur noch ein paar Wochen dauert.
Antwort auf Beitrag Nr.: 34.273.543 von Oletta am 10.06.08 13:36:39
Nette Idee.
Douglas Lake ist von 0,17 USD auf 0,66 USD in wenigen Wochen marschiert. Potenzial? Zweistellig vorm Komma!
Gönne ich Euch bei Oremex ja auch!
Nette Idee.
Douglas Lake ist von 0,17 USD auf 0,66 USD in wenigen Wochen marschiert. Potenzial? Zweistellig vorm Komma!
Gönne ich Euch bei Oremex ja auch!
Antwort auf Beitrag Nr.: 34.272.473 von blash5 am 10.06.08 11:22:02Du solltest Deinen Namen von Blash auf Bash ändern....
Es gibt immer wieder Explorer, die an einem Tag um 40 % hochgehen, siehe Triangle Petroleum vor einigen Wochen, und man kann nicht auf jedem Zug sitzen, der abfährt.
Aber mach Dir keine Sorgen, Oremex wird das Geld vorher nicht ausgehen, für die paar Wochen reicht´s noch und dann lachen wir über 40% plus, denn dann werden wir bei dem Potenzial weit größere Sprünge erleben
Es gibt immer wieder Explorer, die an einem Tag um 40 % hochgehen, siehe Triangle Petroleum vor einigen Wochen, und man kann nicht auf jedem Zug sitzen, der abfährt.
Aber mach Dir keine Sorgen, Oremex wird das Geld vorher nicht ausgehen, für die paar Wochen reicht´s noch
und dann lachen wir über 40% plus, denn dann werden wir bei dem Potenzial weit größere Sprünge erleben
Antwort auf Beitrag Nr.: 34.231.923 von Oletta am 04.06.08 00:03:17Hallo zusammen,
ich hoffe, dass sich jemand auf meinen Tipp hier Ende Mai ein paar DLKM zugelegt hat = plus 40 Prozent seitdem. More to come. Habe so etwas die Befürchtung, dass Oremex das Geld ausgeht, bevor hier mal eine Einigung kommt...
ich hoffe, dass sich jemand auf meinen Tipp hier Ende Mai ein paar DLKM zugelegt hat = plus 40 Prozent seitdem. More to come. Habe so etwas die Befürchtung, dass Oremex das Geld ausgeht, bevor hier mal eine Einigung kommt...
Antwort auf Beitrag Nr.: 34.221.670 von bepel am 02.06.08 21:00:17Na ja,
dicke Verluste haben wir hier momentan irgendwie alle....
Aber okay, netterweise habe ich Antwort erhalten.
Hier erstmal mein Anschreiben in lausigem englisch, sorry:
Hey Mrs. B.,
I read the newest update about Tejamen.
Well, it´s always the same to read since one year, everytime it says that there´s gonna be a solution very soon.
So what do you think, how long will it gonna take, this summer, thanksgiving, Helloween or christmas??? ;-)
Greets to the other side of the big sea
Und das ist die nette, wenn auch nicht besonders aussagekräftige Antwort:
Hello Mr. XY:
Nice to hear from you again. Your email was a amusing.
On the serious side, we are very concerned over the length of time it is taking to resolve our agreement with the Ejido of Tejamen.
However, we are not the only company that has had delays of this kind in Mexico.
As our recent news release stated, we are in daily contact with representatives who are assisting the Secretary of State with discussions and are hopeful that a resolution will be soon forthcoming.
dicke Verluste haben wir hier momentan irgendwie alle....
Aber okay, netterweise habe ich Antwort erhalten.
Hier erstmal mein Anschreiben in lausigem englisch, sorry:
Hey Mrs. B.,
I read the newest update about Tejamen.
Well, it´s always the same to read since one year, everytime it says that there´s gonna be a solution very soon.
So what do you think, how long will it gonna take, this summer, thanksgiving, Helloween or christmas??? ;-)
Greets to the other side of the big sea
Und das ist die nette, wenn auch nicht besonders aussagekräftige Antwort:
Hello Mr. XY:
Nice to hear from you again. Your email was a amusing.
On the serious side, we are very concerned over the length of time it is taking to resolve our agreement with the Ejido of Tejamen.
However, we are not the only company that has had delays of this kind in Mexico.
As our recent news release stated, we are in daily contact with representatives who are assisting the Secretary of State with discussions and are hopeful that a resolution will be soon forthcoming.
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