PLAYFAIR MNG Chance auf fette Beute

Diese Daten würden auf den Ergebnissen von insgesamt 40 Bohrungen basieren und seien dementsprechend sehr präzise. Gemäß einer historischen Ressourcenschätzung würden sich auf dem Gelände Rohstoffdepots mit einem beeindruckenden Gesamtvolumen von rund 2,7 Mio. Tonnen Gestein mit einer Wolframoxid-Konzentration von 0,81% befinden. Alle bebohrten Abschnitte seien auf eine nachhaltige geologische Formation und ihre Abbaufähigkeit hin kritisch untersucht worden. Das umfangreiche Projekt erfordere ein Höchstmaß an logistischem Geschick.

Das Bohrprogramm sei auf der Grundlage eines Gutachtens erstellt worden, das der Geologe Peter Dadson angefertigt habe. Bislang sei bei den Bohrungen eine Tiefe von 400 Metern erreicht worden, die Gesamttiefe solle bei über 2.500 Meter liegen. Playfair Mining sei es gelungen, ein erstklassiges Team für die Explorationsarbeiten zu gewinnen. Damit sei der Grundstein für eine zügige Durchführung der Bohrungen und Erfolg versprechende Nachrichten gelegt worden.

Playfair Mining schreite schnellen Schrittes der Zielsetzung entgegen, zu den größten Wolfram-Explorern der Welt aufzuschließen. Das Portfolio werde kontinuierlich mit neuen Top-Liegenschaften erweitert. Vier Wolfram-Projekte ("Grey River", "Risby", "Lened" und "Clea") seien bereits erworben worden, weitere Zukäufe seien zurzeit in Planung.

Auf gerade einmal 10,05 Mio. EUR belaufe sich die Marktkapitalisierung von Playfair Mining. Das Unternehmen verfüge derzeit über 3,7 Millionen MTU wolframhaltigen Gesteins und rechne damit, zusätzliche Reserven in dieser Größenordnung nachweisen zu können. Viele Jahre lang sei Wolfram unterschätzt worden, entsprechend gebe es gerade im westlichen Teil der Welt nur sehr wenige Abbaustätten.

Die Aktie sei nach dem Kursrückgang der vergangenen Wochen mehr denn je ein klarer Kauf. Bereits investierte Anleger sollten eingegangene Positionen verbilligen. Das Kursziel auf Sicht von 12 Monaten laute auf 1,05 EUR.

Nach Ansicht der Experten des "Global SmallCap Report" ist die Aktie von Playfair Mining ein klarer Kauf. (12.10.2006/ac/a/a)



Quelle: aktiencheck.de
http://www.ariva.de/news/article.m?id=2157146&secu=889625

  02.04.12     0,049     0,049§0,045 0,045 $ 20.000 940
  29.03.12    0,0424    0,0424§0,0424 0,0424 $ 4.000 170
  26.03.12     0,046     0,046§0,046 0,046 $ 2.000 92
  23.03.12     0,041     0,041§0,041 0,041 $ 100 4
  20.03.12    0,0475     0,053§0,045 0,045 $ 222.000 11.643
  19.03.12     0,046     0,054§0,0431 0,0431 $ 40.000 1.988
  16.03.12    0,0404    0,0404§0,0404 0,0404 $ 1.000 40
  12.03.12     0,047     0,047§0,047 0,047 $ 500 24
  09.03.12     0,053     0,053§0,053 0,053 $ 2.000 106
  02.03.12     0,066     0,066§0,066 0,066 $ 10.000 660

The results from the updated mineral inventory indicate 1.2 million tonnes of Inferred mineralization grading 0.730% WO3 containing 18.8 million pounds of tungsten trioxide or 853,000 metric tonne units (MTU). The updated resources are reported at vein width using a 0.20% WO3 cut-off with all areas grading less than 0.2% WO3 over a 1 m minimum mining width removed from the inventory. Copper is present in the deposit but has not been reported in the mineral inventory, so it has been excluded from consideration in the PEA. The designated underground mining areas are confined to the Number 10 Vein.

The Grey River number 10 Vein deposit is generally narrow and steeply dipping with vein dip ranging from 70 to 80 degrees. A longitudinal blasthole open-stoping method using delayed backfill was selected as the preferred mining method. The proposed mining rate is 400 tonnes per day or 146,000 tonnes per year.

The proposed mine access strategy is by decline, using trackless equipment. Decline access is a modern and conventional approach that offers greater flexibility by simplifying the task of moving personnel and equipment around the mine. The Number 10 Vein can be readily accessed via a decline that also substantially improves access to other nearby veins for exploration.

Dilution and ore recovery factors were applied to the inferred mineral inventory and resulted in a total mining resource used for mine planning, design and cashflow analysis of 1,268,306 tonnes at a grade of 0.524% WO3. This mining resource includes planned dilution of 65%, unplanned dilution of 15% and a 95% mining recovery. The cut-off grade of 0.35% WO3 for the Grey River deposit was determined from key economic parameters including a tungsten price of US$16/lb WO3, underground mining costs of US$80/tonne, and milling costs of US$11.50/tonne. General and Administrative costs and concentrate shipment costs were estimated to be US$15 and US$1 per tonne, respectively.

Using the base case economic parameters the pre-tax cashflow is estimated to be positive at US$15.5 million over a mine life of about 9 years, and increases to US$75.3 million at a tungsten price of US$21/lb. Current metal prices are close to US$20/lb.

A summary of the project parameters used in the PEA is given in the following table:

Parameter
          §
Value
Underground Mining Resource 1,268,306 Tonnes
Mined Grade 0.524% WO3
Mining and Milling Rate 400 tonnes per day
146,000 tonnes per year
Plant Recovery 85%
Total LOM Capital Costs US$50 million
Pre-Production Capital Costs US$32 million
   Salvage§US$2.5 million
Total Operating Costs US$107.50 per tonne

A comparison of the life of mine cashflows at a base case tungsten price of US$16/lb and also at US$21 /lb (near current spot price) is given below:

Parameter
          §
US$16/lb WO3
          §
US$21/lb WO3
Net Revenue US$199.4 million US$259.2 million
Total Operating Costs US$136.3 million US$136.3 million
Net Cashflow US$15.5 million US$75.3 million
NPV @ 5% US$2.9 million US$46.8 million
       IRR        7%§27%


Playfair cautions that the PEA is preliminary in nature. It is based on an inferred resource. Inferred resources are based on limited information, and grade continuity has been assumed, but not verified. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource that is the subject of the PEA will be converted into mineral reserve. No mineral reserves were estimated as part of the PEA.

The PEA will shortly be available at www.sedar.com .


About Tungsten

Tungsten is an extremely hard, heavy, steel-grey to white metal that is remarkable for its robust physical properties and vast uses and cannot be substituted in many industrial applications. Tungsten has the highest melting point of all metallic elements. Tungsten is a strategic metal and emerging economies such as India and China are consuming increasing amounts of tungsten. The current price of tungsten is approximately US $19.62 per pound.

Until 2005, China was the world's largest exporter of tungsten concentrate but rapid industrialization within China, structural economic changes, and changes in economic policies towards industry have resulted in the restriction of tungsten exports from China. China is now the world's largest consumer of tungsten. Escalating Chinese consumption, in conjunction with the ongoing demand in the world's principal economies along with the supply issues noted above, has resulted in increases in the price of tungsten by 70% over the last two years. Tungsten prices are quoted per Metric Tonne Unit of contained tungsten trioxide (WO3). One MTU contains 10 kilograms of WO3 and is the standard weight measure of the tungsten trade. Ammonium Paratungstate ("APT") is an intermediate product in the production of tungsten metal for which prices are available. A price of US$432.50 per MTU equates to US $43.25 per kilogram or US $19.62 per pound.

Due to these Chinese export restrictions and the strong global demand for tungsten, the management of Playfair feels that the company is very well positioned with four high-grade deposits, all located within Canada.

Michael Moore, P. Geo., is the qualified person as defined by NI 43-101 who has reviewed the technical information contained in this news release on behalf of Playfair.

Visit our website at www.playfairmining.com for an internet link to the spot Tungsten price and for more information on Playfair's Tungsten properties.


ON BEHALF OF THE BOARD

"D. Neil Briggs"

D. Neil Briggs
Director
www.playfairmining.com/new/NewsReleases.asp?ReportID=518276

The transaction is subject to a number of conditions and approvals, including, but not limited to, satisfactory due diligence, settlement of a definitive agreement, required corporate approvals and TSX-V approval. There can be no assurance that the transaction will be completed as proposed or at all.

About Tungsten

Tungsten is an extremely hard, heavy, steel-grey to white metal that is remarkable for its robust physical properties and vast uses and cannot be substituted in many industrial applications. Tungsten has the highest melting point of all metallic elements and is a strategic metal and emerging economies such as India and China are consuming increasing amounts of tungsten. The current price of tungsten is approximately US $19.62 per pound. Until 2005, China was the world's largest exporter of tungsten concentrate but rapid industrialization within China, structural economic changes, and changes in economic policies towards industry have resulted in the restriction of tungsten exports from China. China is now the world's largest consumer of tungsten. Escalating Chinese consumption, in conjunction with the ongoing demand in the world's principal economies along with the supply issues noted above, has resulted in increases in the price of tungsten by 70% over the last two years.
We seek safe harbor.

Visit our website at www.playfairmining.com for more information on Playfair's Tungsten properties.

ON BEHALF OF THE BOARD

"D. N. Briggs"

D. Neil Briggs, Director

www.playfairmining.com/s/NewsReleases.asp?ReportID=548921