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Posted 28 February 2004 - 07:51 AM
Quote
In short, while most best silver stocks values fetch up to 15 ounces of silver in the ground for 1 ounce of silver of stock price, this one offers at least 25, in diversified American properties 
.
.Compared to a main partner, better known Expatriate Resources (EXR.V), it is at least twice undervalued, meaning that instead of selling for .5 CAD it should sell at least for 1 CAD now.
http://stockcharts.c...?c=ATN.TO:EXR.V,uu[w,a]dacayyay[dd][pb50!b200!f][vc60][iut!Ub14! La12,26,9]&pref=G
(or type ATN.TO:EXR.V at http://stockcharts.c...s/SharpCharts/) and choose 1 Year Duration)
ATNA RESOURCES (ATN.V)
http://www.atna.com/s/home.asp
Owns a diverse portfolio (> 10) of silver, gold, zinc, copper (and selenium) properties in the Americas (United States, Canada, Mexico, Chile), in joint ventures.
1- Yukon projects
1a- Wolverine project
approx. 40 % with Expatriate
2300 Mg Ag
http://www.expatriat...ochure_2003.pdf
1b- Marg
http://www.atna.com/...pertyInfoID=897
37% with Cameco
(“resource estimate in 1997 : 5,527,000 tonnes grading 1.8% copper, 4.6% zinc, 2.5% lead, 62.7 g/t silver
and 0.98 g/t gold = 341 Mg Ag”)
1c- Wolf
http://www.atna.com/...pertyInfoID=898
66% with YGC Resources
(“resource of 4.1 million tonnes grading 6.2% zinc, 1.8% lead and 84 g/t silver”)
2- Nevada projects:
joint venture with renowned companies: http://www.atna.com/s/Nevada.asp
2a- Golden Cloud
http://www.atna.com/...?ReportID=65333
(Northeast Nevada Rift system intersection with Carlin Trend)
30% with Great Basin (Ivanhoe : 719,000 tons grading 1.29 oz/ton Au and 7.0 oz/ton Ag
http://biz.yahoo.com...67cacc71_1.html ,
drilling to begin Feb 23 http://www.stockhous...?newsid=2160229 ),
& near Placer/Teck-Cominco's Silver Cloud
2b- Clover
http://www.atna.com/...?ReportID=65332
(nearby Newmont’s Ken Snyder, float boulders grading up to 30.9 g/t Au and 308.6 g/t Ag in grab samples)
http://www.stockhous...?newsid=2152586
2b- Sno
http://www.atna.com/...o-Pacific-Ridge
40% with Pacific Ridge (nearby Newmont’s Ken Snyder, 1999 published Reserves of 2.8 M tons averaging 34.7 g/t Au, 399 g/t Ag = 1120Mg Ag),
2d- Jarbridge
http://www.atna.com/...?ReportID=73547
(Nevada, “historic production estimated 355,000 oz. gold and 1,600,000 oz. silver, from 800,000 tons of ore (average about 0.45 oz/ton Au”, surface exploration and drilling program in 2004).
…
3- British Columbia
3a- Ecstall
http://www.atna.com/...pertyInfoID=902
(British Columbia, “previous exploration defined a 7 million tonne deposit grading 0.7% copper, 2.5% zinc, 20 g/t silver and 0.5 g/t gold”).
3b-White Bull
4- Chile
http://www.atna.com/...pertyInfoID=927
37 M shares (fully diluted) @ 0,50 CAD = 18,5 M CAD = 13,8 M USD = 2,1 Moz Ag, buy :
(Wolverine) 40% of 2300 Mg Ag = 30 Moz Ag
+ (Marg) 67% of 340 Mg Ag = 7,5 Moz Ag
+ (Wolf) 67% of 340 Mg Ag = 7,5 Moz Ag
+ (Nevada explorations) 40% of ?
+ (Ecstall) 140 Mg Ag = 4,7 Moz Ag
(no debt)
1 oz Ag buys 25+ oz Ag (not counting the gold, the copper, the zinc, ...)
Quote
“You get at least 25 ounces in the ground for 1 oz. silver's worth of stock.”
And now some technicals:Atna/Expatriate Ratio @ its low just below 1 , at the apex of a reverse fan :
http://stockcharts.c...?c=ATN.TO:EXR.V,uu[w,a]dacayyay[dd][pb50!b200!f][vc60][iut!Ub14! La12,26,9]&pref=G (or type ATN.TO:EXR.V at http://stockcharts.c...s/SharpCharts/) and choose 1 Year Duration)
A fan for silver fans
50% retrace (.43) and 38% retest (.46) completed :
http://stockcharts.c...SC.web?c=ATN.TO,uu[w,a]dacayyay[dd][pb50!b200!f][vc60][iut!Ub14! La12,26,9]&pref=G (or type ATN.TO at http://stockcharts.c...s/SharpCharts/) and choose 1 Year Duration)
That's it folks
, DYODD & invest wisely.
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