5 years 2 months ago #117305 by Gambler
Gambler replied the topic: Minco Silver TSX:MSV OTC:MISVF
great idea to start a topic. I own a small position and think this is a good time to add to it, just need to get some more chips

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5 years 2 months ago #117296 by RonS
RonS created the topic: Minco Silver TSX:MSV OTC:MISVF
Shares outstanding 59.7 million
Minco Gold owns 18.45%

As of Sept 30, 2016 Minco has $52 million in cash and no debt or about 87 cents per share in cash.

This means their advanced Fuwan silver project with Feasibility and near final permitting along with their Changkeng Gold Project are being valued by the market at very cheap levels

Fuwan has 84.3 M ounces indicated resources at 188 g/t. At 60 to 1 ratio that is 1.4 M ounces Gold.

They have 51% interest in the Changkeng Gold project that is adjacent to the Fuwan project and it has 623,100 ounces indicated resources at 4.89 g/t. Minco's share would be 311,550 ounces With both projects they have over 1.7 million ounces Gold and the market is valuing this at a ridiculously cheap price . I don't know how long that will last, but thank the bear market of the past few years to give us this bargain today.

The Fuwan Silver Project is situated approximately 45 km southwest of Guangzhou City, the capital of Guangdong Province, and the fourth largest city in China with a population of 13 million people.

The location is exceptional, from a development perspective, due to its proximity to well-developed infrastructure, with a paved Highway running by the property and nearby water and fuel with a high-voltage power line crossing the property. The adjacent Xijiang River (right photo) also provides access to the South China Sea, which serves as an international waterway for shipping.

Minco Silver holds three exploration permits, totaling 125.74 km2. To date, the Company has only worked on approximately 2.8 km of a 10 km strike length.

The Feasibility Study was based on the 55.3M ounces probable reserves and indicates 9.2 years mine life, 91% silver recovery with Cash costs of just US$5.65 per ounce. Capex is only US$73 million, IRR 33.2% and only 2.3 years payback. It is important to note that the silver price used in the feasibility was only US $13.57 per ounce.
The following user(s) said Thank You: Norm

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