After the style of Ms Hanson, (former and much maligned polititian_) could someone PLEASE EXPLAIN????
With reference to AAR, sites situated mainly in WA- current share price 0.021 From their web-site ... “In 2007 the company completed a successful gold mining operation at its Mandilla Project producing 20,619oz Au” ie. That means it is already A GOLD PRODUCER at Mandilla in WA
A preliminary Feasibility study was completed in October 2008 at the companies Kimberly Koongie copper - zinc project highlighting the potential to develop an underground and open pit operation producing zinc and copper concentrates. A resource extension RC and Diamond drilling program was completed in November 2008 at the Sandiego and Onedin prospects. Results from this program have been released as assay data has become available. Remodelling of the resource and recalculation of resources in expected early in the new year. An upgrade in the resource is expected give the quality and the number of holes outside and on the edge of the current resource model. ...the main Sandiego zinc-rich deposit, intersected massive and disseminated zinc mineralisation over 29m from 165m downhole. The mineralised zone is estimated to have a true width of approximately 14.5m. This hole also returned a high grade gold intersection (4m @ 26.83 g/t Au) from a ferruginous fault zone. Low-grade gold is present throughout the Sandiego deposit and occasionally high- grade values do occur the main Sandiego zinc-rich deposit, intersected massive and disseminated zinc. It would appear there are satisfactory amounts of gold zinc and copper available.
Company has been active for twenty-something years......
With reference to Perseus Mining limited- PRU, situated mainly in deepest darkest Africa, (which MUST generate at least a little concern) current share price 0.585 From their web-site ... “ Perseus Mining Limited (ASX Code: PRU) has forged a reputation as one of the most successful exploration companies in the world. The Company has reached its 2008 goal of increasing its West African resources to 5 million ounces (currently at 5.7Moz) following an initial gold resource at it Tengrela Project in the Ivory Coast. A detailed feasibility study is underway at its large Ayanfuri Project and is expected to be completed by April 2009. Vision Perseus aims to significantly increase its gold resource base through rapid exploration of existing projects and acquisition of additional projects. The Company hopes to start its first mining operation in late 2010 and plans on having multiple operations in West Africa. ie NOT YET A PRODUCER , and does not expect to be for another two years. Company has been active for four years since 2004. MMMM.... 0.021cents compared with .585cents So why is the share price of PRU going through the roof – up 30 % today - and that of AAR grinding slowly on our nerves and little else? Your enlightened opinions on why this is so would be of immense interest to me.
