Now here’s an interesting gold play that has been and is about to set the world on fire.
I draw the Blogospheres attention to Chaarat Gold who are Developing a new Gold province in the Kyrgyz Republic.
I’ve been waiting and watching now for several months until the rumoured placing was announced as to see just what price it would come in at there was talk many moons ago that it could be 60p this was when Chaarat was trading in excess of 70p. It’s a good job that I held off from writing the article as the placing price was 50p.
If you take a long hard look at the company you’ll find that they are rather more than a punt.
The Company are in the process of a huge development known as the Kiziltash and Tulkubash projects situated within the Tien Shan Mountains of Kyrgyzstan,part of the Tien Shan gold belt. The Company has already ” delineated a JORC compliant mineral resource of 4.406 Moz at a grade of 4.2 g/t gold across both deposits. The Company is currently in the process of compiling a Pre-Feasibility study on the Kiziltash(Underground) project and a Definitive Feasibility Study on the Tulkubash project (Open Pit) mining begins here in 2011. Chaarat’s objective is to become a low-cost gold producer targeting production of over 200,000 ounces per annum by early 2014. With production beginning at Tulkubash in early 2012.
Now The Tien Shan gold belt is a globally recognised prolific region which extends across Central Asia from Uzbekistan in the west to China in the east, Tien Shan has known deposits including Muruntau (175 million oz), Daugyztau (18 million oz), Zarmitian (11 million oz) and Kumtor (18 million oz).
Chaarat do have a whole host of other assets/Licences but for the sake of not boring you with reams of technical data on each and every asset I’ll stick to these two major assets.
Licence covering a “Gold Province” in Western Kyrgyz Republic –only partially explored
4 Million JORC ounces delineated in last resource statement March 2010
Update in early 2011 will increase the resource –promising results recently published
Ore bodies are open along strike and down dip with many more targets undrilled
Pre-feasibility in progress –funded to completion
Multi project company –moving beyond gold
We are moving to development and gold production in 2012
They do have many institutions on Board and a friend of mine who works at Cazenove is very bullish on the stock and has been wittering on about them since they were 15p. Cazenove are also invested for approx’ 7% (give or take a few points).
Chaarat have Three MAIN Targets and the whisper is that the JORC could double. Work to date has focused on the southern half of the Chaarat Target area.
They are set to fly this year as the funding issue has now been completed. On full production of over 200,000 ounces per annum and with an almost certain raising of the current JORC in place they will fly! Set a target of 200p for 2011. With more project potential from Chaarats’ portfolio of additional assets. Once production begins here you are looking at £10+ per share Minimum. They are an investment not a day trade stock. Please research them!