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View Full Version : ABM Resources - Tanami gold play


Huang Chung
18-10-2010, 10:32 PM
One to put in your little black books for the next 6 months IMHO.

Mkt cap around $80m. Well cashed up.

Two very different projects in the Tanami...one a bulk porphry and the other high grade vein system, just 1.8km apart. Plenty of other promising targets as well. Drilling at Hyperion (which looks very interesting...see presentation below) should now be underway.

An initial resource should be announced in January.

Still seems very much 'under the radar'....but for how long?

http://clients.weblink.com.au/clients/ABMResources/article.asp?asx=ABU&view=6508159

http://clients.weblink.com.au/clients/ABMResources/article.asp?asx=ABU&view=6509928

Code ABU. Currently 3.8c
SPARKY
19-10-2010, 11:45 AM
LOOKS INTERESTING,
have a look at TAMDA, also in TANAMI, seems to have good grades too, bt in at 60 a few weeks ago, now 90
Huang Chung
19-10-2010, 08:13 PM
BRR interview with MD Darren Holden, regarding yesterdays drilling results.

http://clients.weblink.com.au/clients/ABMResources/article.asp?asx=ABU&view=6510158
Huang Chung
21-10-2010, 06:08 PM
Reluctantly sold at a small loss today to fund the purchase of more Beadell Resources.....the market isn't in the mood right now to get behind BDR's great drilling results released yesterday and today, so I might as well take advantage of the situation.
ob1kinobi
05-12-2011, 07:48 PM
ABU is travelling well, if the markets hold up, a push toward 10c is def on the cards.
Huang Chung
05-12-2011, 11:14 PM
Funnily enough, I bought back in last week at 7.4c. Miissed the bulk of the run up unfortunately. ABU have made incredible progress over the past 12 months.
Huang Chung
17-08-2012, 12:25 AM
Starting to gain a bit of interest in the market. Golden Hind looks very interesting, and only a few hundred meters from the high grade Old Pirate prospect. Over $20m in the bank, so plenty of money to keep going hard with their exploration program.
JBmurc
17-08-2012, 08:32 AM
big market cap for a explorer must have one massive resource their drilling up.. holding PXG which imho is one of the cheapest explorers round
any idea on JORC resource ??
Huang Chung
17-08-2012, 01:54 PM
3.3moz JB, but that's using a low cut-off.

http://stocknessmonster.com/news-item?S=ABU&E=ASX&N=585658

Twin Bonanza is a combination of Buccaneer (large tonnage / low grade) and Old Pirate (smaller tonnage high grade). Golden Hind is a new find a few hundred meters to the south of Old Pirate, and looks to be high grade like Old Pirate. Early days for Golden Hind though, as there are no drill results back yet.


http://stocknessmonster.com/news-item?S=ABU&E=ASX&N=599066

http://stocknessmonster.com/news-item?S=ABU&E=ASX&N=599343

http://stocknessmonster.com/news-item?S=ABU&E=ASX&N=599415

http://stocknessmonster.com/news-item?S=ABU&E=ASX&N=599739
soulman
17-08-2012, 03:35 PM
big market cap for a explorer must have one massive resource their drilling up.. holding PXG which imho is one of the cheapest explorers round
any idea on JORC resource ??

JB, I think RDR will give PXG a run for their money. Over 3 mil JORC and a plant and processing equipment in place already. EV just at $43 odd mil.
JBmurc
18-08-2012, 01:54 PM
JB, I think RDR will give PXG a run for their money. Over 3 mil JORC and a plant and processing equipment in place already. EV just at $43 odd mil.

yes has a market value over 80mill+ certainly looks good for that value ..PXG for me is a pure take-over play I don't see them going into major production themselves when their surrounded by gold plants in the heart of W.A goldfields. next door to NGF which I understand is in the process of being T.O.....