The only Lithium these lot will find is in their prescription for dillusional bi polar.
Our Mochyn Cymraeg has got a dozen or so south amercan orphans bouncing all over the tenament on pogo stick rock samplers so you never know..... dyor
Before break even! Oboyoboyoboyo, no good mochyn boyo! Invest here for guarenteed black holage! The directors work at MFI in Tonapandy mon to Fri. They like to direct for 15 mins on a Sunday morning before heading off to the old Eglyws to beg for forgiveness! Dyor. Tpdp
I'd be more interested in the results from mining and processing the rock from SJ. I reckon that entire operation was a dead duck. Hard rock, faulty machinery incapable of processing it. I actually think the entire company is a just a front to make a small number of people very wealthy at the expense of many small investors. For the sake of £130 it's hardly worth selling and the occasional bulletin board post is worth the cost for amusement. Maybe I'll just sell up and have a good night out - £60K or so down the drain, or rather into the pockets of less honest people.
Oh well, karma will work it's magic as it always does.
The bit about Endeavour being 'iffy', like Arian, I thought was a bit harsh as they seem to have their heart in the right place it's just that silver is not the flavour of the month at the moment. Anyway, it would be difficult to be as 'iffy' as Arian.
I think most of the holders were bullish on Calicanto and many times over asked about development there and proving up the Gold and silver grades, especially as Arian decided to drain the water from the working already there.
JW should not have spent money on drilling extra holes on San Jose when we were trying to get into production, that money would have been a debt repayment and AGQ would probably/possibly still have the mine.
Another option would have been to drill Calicanto to prove up grades, that way they would have at least added some value to the license.
Drilling more holes on SJ was foolish.
Looks like Lithium is a nonstarter, so what on earth is going on now I've no idea, I guess JW is still drawing his salary.
Being a bit harsh, me thinks.
Funnily enough I am a long term holder of Endeavour so I may at some point make a buck or two from that silver....eventually!
Endeavour do seem to be a well run company but I totally accept that it will be some time yet before I can cash-in.
Not surprised, Jim Williams is the most useless geologist I've ever been unfortunate enough to have heard of or met.
He is excellent at getting paid over £200k Per year for screwing up, which is funded by PI's.
I held on to a few gold\silver expolrers for old times's sake but since 2010 their performance has been universally bad. Over the last couple of years I refocused mostly on FTSE equities and some of the larger FTSE 250 companies. I beat the overall indexes in both years by quite a respectable marrgin and it's taken the pain of getting the mining minnows so wrong. Their day will come again but I just don't see it happening soon. Meanwhile I look nervously at my big company stocks trying to weigh up whether the long forecasted correction is near or whether the trillions of QE cash floating about will delay that day for a year, five years, ten or forever. No one really knows, especially those running the FED.
Hi DDD and its been some time since we interacted.here. Yes, we all got burnt with Arian to some degree. imho the writing was on the wall when Jim sold out his own shares at "top dollar". If you are onto a real winner you simply don't do that to cover personal needs. You should be able to get a temporary loan in the sure knowledge that riches are about to happened. But, as we know, they didn't happen and we all went for a ride. Which is why I still monitor this site and shriek everytime anyone extols investing in this lot. Caveat emptor and dyor is the order of the day.
I got out of Condor earlier this year and Herencia the year before. Herencia is virtually kaput but Condor is a very different situation and might well recover, especially if gold price moves upwards a lot and Salvador allows mining. I sold off my Chinese and Russian Federation stuff the year before that. I am hoping and hanging in Jubilee Platinum (albeit with reservations) and I am nervous of having meantime invested a little in Sirius (which could be a long wait and some very heavy borrowings during mine construction). Lately I have looked nearer home (Nevada) where currently a few Canadian mining entities (some with UK-qualified directors and management) look rather more promising than AIM minnows. I've trebled my earnings in one case ( Northern Vertex in Arizona) in less than a year.
Other than that I moved into banks. Barclays & Lloyds have been roller-coasters (thanks to your brexit) but Banco de Bilbao and Santander's US subsidiaries have given me good returns this last 18 months.
I took the tumble dj and now only look at this thing every three months.
I made a big mistake of investing in Arian at 17p a matter of weeks before the mine heist. The losses on that particular tranche I recovered by buying a gold producers ETF and sitting on it for just over a year but my 'speculative' loss is now a permanent learning experience. I never sold it and have watched it drop from the circa 1p level to the execrable 1/3 penny.
SJ has also got over his own experience and is more interested in Condor these days, as am I.
Zacatecas brine targets are considered by the Company to be most similar to those hosted in the immature salt lake
systems such as at Clayton Valley (host to the USAs only lithium brine operation, Silver Peak in Nevada where the
lithium brines aquifers are stratified and occur in specific aquifers towards the deeper portions of the host basins
(Figure 2). Lithium brine projects can be subdivided into two broad deposit types, depending on the salt lake/salt basin
(salar) characteristics (Houston et al., 2011):
Mature salars (those containing extensive thicknesses often hundreds of meters - of halite (salt), such as those in
the Argentina and Chile- the Salar de Atacama, and the FMC Hombre Muerto operation). These Mature salt
dominated salars are characterized by having high permeability and specific yields (to a maximum of ~ 15 % Sy) near
surface, with the porosity and permeability decreasing rapidly with depth. In these salars the brine resource is
essentially between surface and 50 m below surface, as below this depth there is limited permeability in the salt,
due to salt recrystallization and cementation of fractures; and
Immature salars, which are dominated by clastic sediments, with limited thicknesses of halite.-, such as those
known at Clayton Valley in Nevada. and Zeniths model for Zacatecas Immature salars conversely have porosity and
permeability controlled by individual layers within the salar sequence. The porosity and permeability may continue
to depths of hundreds of meters in clastic salars.
A schematic cross section produced by the Servicio Geologico Mexicano (Figure 2a) located immediately west of
Zeniths San Juan Salar at Zacatecas, shows interpreted deep (to 400m) Tertiary Lake Sediments beneath a calcrete
layer that may act as an aquaclude (water barrier), segregating ground water layers potentially of different salinity and
A comparative schematic section of the Clayton Valley basin is shown in Figure 2b at the same scale to highlight
similarities in the model, illustrating the near surface nature of the recent 15-27m deep auger holes at San Juan Salar.
Arian Silver Corporation has completed the first phase of its lithium auger drill programme across its three lithium projects in Zacatecas.
This drill programme - which was conducted by OBD SA de CV, a leading drilling company based in Mexico City - focused on 28 holes, testing the anomalous lithium concentrations identified in the company’s previous surface sampling, for increased grade and continuation.
It said the resulting 214 samples would be analysed by ALS Global.
Arian chief executive Jim Williams said: “The drill programme progressed well despite initial delays caused by unseasonably wet weather, which impacted ground conditions for drilling.
"The results of the programme should be available within three to four weeks and I look forward to reporting the results at that time."
Ariana throughput 200,000k @4g per ton is 800k divide by 100 gives 8000 times 94 gives gold percentage reclaimed 752000g divided by 31 equal ounces of gold 24258 oz, plus 2653 silver gold equivalent. That gives us 2690012. At a projected profit of $660 per oz profit on a production cost of $600 per oz and a sale price of $1260. So at $660 per oz profit that gives us $16010280 per annum converted to pounds equals £12270294.6. divided by the total shares in circulation 1051637937 equals 0.01166779379888 times 12 as a producer equals 14p
This is the valuation on our %50 of the JV that is running the mine. This takes no account of the asset value in sallinbas which has 1m oz (worth about $60 per oz in the ground) so say $60m value or the ASX holdings in lithium and also a mine to be sold to the JV at 3 times as much as the exploration cost, so I would say a fair value for the total value of the company is somewhere north of 15p. This will be sent as an email to Kerim sener , that's how confidant I am about Ariana.
I never knew that....in my wildest dreams I always thought that bertyb was DDD's worst nightmare but felt that sunjammer was another handle of DDD rather than his so-called relative. Then there is chauvelin who spasmodically appears on scene?
Either way they've taken a tumble if they really got into both Arian & Condor big time (unless, of course, DDD followed "berty's" advice...lol)
....and thanks to the exhortations and warnings from the then much verbally abused bertybillion I took the hit and sold out over two years ag at far in excess of 1p. Cheers bertie...wherever you have fled! I invested my remnants in Sirius and done alright (so far). As for boyo Williams and Co ...I don't believe in phoenixes (except for the city to my south east...and I don't like that either!)
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.