The Dalradian royalty was always the most likely project to reach a positive outcome. I thought that the previous RNS indicated about 75% of it going ahead and now I would rate it at 90%.
I think there will be reorganisation of the other so-called assets, most of which seem to vary between "high hopes" and "best keep quiet until prices improve".
Well prices have improves, so.....? Exactly what is happening with Canadian assets isn't clear to me but the present share price is covered by the Dalradian shares so the New-Buchans will be a bonus.
I am also in JLP and the announcements are so similar in that there is always jam tomorrow and a new story full of promise but every statement leaves me wanting to ask for clarification.
(JLP do web-chats but somehow straight and unambiguous answers are never forthcoming, with this lot, the opportunity to ask and get a reply is rare)
Looks like Dalradian are doing great things in Curriganalt. 54% more gold in their test-stopes than they thought. The income-stream from this should help Minco to further develop their own projects if they can remain in business until it arrives.
There is life in this one, in fact I'm expecting it to awake from a period of dormancy.
The market will soon wake up to the Dalradian position I expect, you can currently buy into a business here at circa £6m Market cap, effectively circa 2.5x forecast annual Dalradian royalties that will last 12+ years.
All other MIO assets a free ride., including some Canadian Zinc Assets with potential and Mexican Silver that don't have to be worth much also to transform the share price here.
Cash in bank also to get MIO to that dividend position.
Should get a general update in the next week based on last year Reporting.
Dalradian are going to planning permission for their mine by the end of the year. If that goes ahead Minco will start receiving smelter royalties of about 3 million euro a year I estimate. That will keep the wolf from the door and maybe they might just manage to pull off a coup elsewhere. It would be nice to see some news flow from the company though.
Another late Friday chunky purchase from someone today. With gold, silver and zinc all heading in the right direction there is scope for good news flow from Dalradian, Xtierra or Buchans anytime during the rest of 2016.
Looking good here towards the end of last week, news flow from Dalradian plus improving silver outlook make this interesting for the rest of 2016, some decent buying of late also, shame very little interest here on iii. Market cap remains peanuts so upside significant I believe.
Sorry you didn't do well here, unfortunately there are many who have been burnt in numerous AIM Miners and Explorers over the years, obviously timing is key and no matter what you think of Management here they are sitting on a Dalradian NSR worth circa 3p per share in my view that should start hitting the news over the coming months as that mine moves towards final approvals.
I lost my shirt on this one through not acting on my stop-loss, it was many years ago and I had no clue what I was doing. I don't have a great deal of faith in Minco management because they allowed Xstrata to wipe the floor with them in Pallasgreen. Be that as it may, I continue to hold, the money is effectively gone now so I've forgotten about them. It's nice to see the rise but I would need to see 16p to break-even and I don't expect that any time soon.
Gold on the rise again, also a number of gold stocks starting to rocket, someone has hovered up 1m shares here today, if that continues I would expect a major leap in share price soon, we do have a 2% Gold mine NSR after all, imagine what that will be worth if we see 2kUSD Gold again.
It does feel like I'm talking to myself here though.
You can go onto Mincos website and review all of the areas they are involved in which are all interesting and potentially value creating, however for me the reason I'm in this one is because of the NSR they have over the Dalradian mine in N Ireland, if the mine goes ahead which looks very likely, just check out Dalradians own market cap, then the NSR must surely be worth £10m+ compared to current market cap of sub £3m, all other potentials are just free upside and as you say they have cash so no solvency is not a problem.
There are brokers reports out there also eg Whitman Howard, Roger Bade
See below from Dalradian today, great grades, at some stage what is going on at Curraghinalt will have to start being reflected in MIO's shareprice, you cant have a £3m market cap whilst holding a NSR in something as interesting as this:
TORONTO, ONTARIO--(Marketwired - Feb. 18, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces results from 51 drill holes from an ongoing infill drilling program at the Curraghinalt Gold Deposit in Northern Ireland.
-- 1.84 m of 33.90 g/t gold from the T17 vein in hole15-CT-296
-- 0.72 m of 106.57 g/t gold from the V55 vein in hole15-CT-297
-- 3.67 m of 15.33 g/t gold from the No.1 vein in hole 15-CT-307
-- 0.76 m grading 54.92 g/t gold from the V75 vein in hole15-CT-320
-- 1.62 m of 48.31 g/t gold from the T17 vein in hole 15-CT-308
-- 0.76 m grading 95.00 g/t gold from the 106-16 vein in hole 15-CT-317
-- 2.05 m of 15.79 g/t gold from the No.1 vein in hole15-CT-312
-- 1.23 m grading 38.28 g/t gold from the V75 vein in hole 15-CT-325
Details of Drilling at Curraghinalt
Final results are being reported for 51 drill holes mainly located in the central and western parts of the Curraghinalt deposit (see plan map and two cross sections at http://www.dalradian.com/news-and-events/news-releases/news-releases-details/February-18-2016-News-Release-Figures). These holes were drilled at varying intervals targeting most of the veins included in the last mineral resource estimate, as well as four of the newly interpreted veins, Grizzly, Slap Shot, Sperrin and Causeway. Most drill holes were oriented generally towards the south within a southwest to southeast quadrant in order to intercept the steeply north dipping vein array. Holes 15-CT-281-294a and 15-CT-316-328 were drilled from underground, while holes 15-CT-295-315 and 15-CT-329-330 were drilled from surface.
These 51 drill holes represent 13,365 metres of the approximately 50,000 metre expanded infill drilling program. To date, 142 holes for 39,582 metres in total have been released, with results for the remaining drill holes to be released as they are received, compiled and interpreted. The purpose of the infill program is to convert resource ounces from the Inferred to the Indicated category, in support of a feasibility study currently underway.
These intercepts correlate well with and improve the current geological model with respect to the continuity and smoothness of the individual vein wireframes.
Patrick F.N. Anderson, Dalradian's Chairman and CEO, commented:
"The infill program continues to deliver high grade intercepts where we expect them. We are wrapping up the last several holes of our program and expect to release at least one more batch of results. Along with the progress on our underground exploration program, with test stoping to begin shortly, we remain on-track for completion of our feasibility study in the second half of this year."
I don't blame them either, it's been a blood bath for many miners over the last couple of years but it's all about timing, look at the current valuation of MIO and relative to that look at the gem that is the NSR, the market will recognise that eventually particularly as Dalradian get their own news flow as the year progresses.
The rising gold price is very good timing for Dalradian, it's a big year for that company. I also expect the rising gold trend will continue for the rest of the year given the currency wars globally.
Assuming Dalradians project proceeds, which is looking increasingly likely in my view then Mincos royalty has to be worth a number of multiples the current market cap. For me this should start to be reflected in the SP this year.
Cash plus other interesting freebes make this an interesting one in both the medium term with Gold and the long run as the general mining sector improves.
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