Hi Sifoo Calvin, looking for your phone number but could not find. May I have your email add please? Tq.

BAHVEST above $2.30 by 30-Jan-2016

kakaman98
by kakaman98
22-Nov-2015 10:06 PM
I think so | Not likely
target price: $2.30 (+93.28 % in 68 days)
price when predicted: $1.19
current price: $1.19
69 more days to target date.
Had been slowly accumulating on 0098 again for last one year. Last week it spiked and had been suspended, followed by an announcement on diversification on minerals mining activities. Apparently there were no write-ups on media such as The Edge or the Star business news other than on the X-number of shares issued to big shareholder(s) . I had downloaded content at Bursa 's site on announcement and had seek a Geologist friend of mine works in mining, Canada to give me a rough idea what all those figures published meant, not sure if my interpretation are correct (correct me please, as most would agree the last Tin mine was closed in the.. '80? and Monument Mining Limited data at Pahang's mine is not published, may be the US Geological Survey Mineral Year books does provide some basic indicator).

Quick pickup from the announcement:

Previously explored by German, confirmed by 5th Malaysian plan expedition('90), since then for 20 years doing nothing. * internet source: suggests the spot was found even earlier by the British.

Land Size: 2471 acres (1000 hectares) w/leased land title to South Sea Gold specifically for mining thru to year 2048 (33+ years remaining).

South Sea Gold thru Wullesdoft to Bahvest: 780 acres (317 hectares)

*Highlights*: First phase exploration mineral reserve found within : 69 acres (28 hectares) of 785 acres (317 hectares) to Bahvest:

4.6 m/tons Gold (Au), 4000 m/tons Copper (Cu); 14 m/tons Silver (Au) Certified by: Optiro, Australia based on JORC Standard (JORC.org) * equivalent to South African Samrec ore and mineral reserve standard or the equivalent of Canadian CIM standard. source: wikipedia.

New shares issued: 104,521,277 @94 Sen. with 34,840,425 ICPS @94 Sen. The purchase consideration based on minerals indicated on 69 acres while balance unexplored 715 acres, in the form of generous big bonus which greatly beneficial to minority shareholders of 0098. Like me, hehe

My geologist friend’s opinion: based on initial good certified reserved value indicated comes with tremendous potential on remaining unexplored land of 91% (715 acres) as gold would not disappear one-yard out of the that boundary line. In months to come, if 0098 has, it is justified to wait for on-going second exploration result publish in part of the remaining land by the Aussie mining consulting group. It shall provide a clear clue to confirm whether Malaysia has a huge world class gold mine reserve at Bukit Mantri, Sabah.

Well, hope it does, as It is good to have a new spark adds on our traditional industries of Oil & Gas, Palm oil and manufacturing. Further, the only Mining stock in Bursa, Kuchai, is building houses ... Errr

** interesting article via Google search: "Base Metal Exploration in Sabah" GEOSEA V Proceedings Vol. 1, Geol, Soc. Malaysia, Bulletin 19 published April, 1986. United Nation funded, German led Joint mineral survey noted Gunung Wullesdoft, but each drainage only drilled a +shallow+ 30 metres depth x 30K drills over 90 square KM, selective zones in Sabah back in 1980~1983 and suggested required more advance lab analysis and data interpretation method to make a conclusion.