plantigrade Posted February 28, 2004 Report Posted February 28, 2004 This is a book value estimation of an undervalued silver stock. 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.com/def/servlet/SC.web?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.com/charts/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.expatriateresources.com/reports...ochure_2003.pdf 1b- Marg http://www.atna.com/s/Projects.asp?PropertyInfoID=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/s/Projects.asp?PropertyInfoID=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/s/Nevada.asp?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/ccn/040224/be4ebfa44b...67cacc71_1.html , drilling to begin Feb 23 http://www.stockhouse.com/news/news.asp?newsid=2160229 ), & near Placer/Teck-Cominco's Silver Cloud 2b- Clover http://www.atna.com/s/Nevada.asp?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.stockhouse.com/news/news.asp?newsid=2152586 2b- Sno http://www.atna.com/s/News.asp?ReportID=73...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/s/Nevada.asp?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/s/Projects.asp?PropertyInfoID=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/s/Projects.asp?PropertyInfoID=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, ...) ?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.com/def/servlet/SC.web?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.com/charts/SharpCharts/) and choose 1 Year Duration) A fan for silver fans 50% retrace (.43) and 38% retest (.46) completed : http://stockcharts.com/def/servlet/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.com/charts/SharpCharts/) and choose 1 Year Duration) That's it folks , DYODD & invest wisely.
Windbreaker Posted March 5, 2004 Report Posted March 5, 2004 Thanks, looks great! Also trades with thin volume in the pink sheets : ATNAF.PK W
plantigrade Posted October 29, 2004 Author Report Posted October 29, 2004 Still a valid Silver play. http://www.stockhouse.ca/bullboards/viewme...all=0&TableID=0 E.g. one projection:
plantigrade Posted November 5, 2004 Author Report Posted November 5, 2004 Or simply an ascending triangle to 0.69
plantigrade Posted March 28, 2005 Author Report Posted March 28, 2005 Atna selling its Yukon Zinc (ex-Expatriate) shares. Becomes more of a gold company.
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