Article Excerpt"Anglotajik Minerals, Inc. (BULLETIN BOARD: AJKM)...

Article Excerpt

"Anglotajik Minerals, Inc. (BULLETIN BOARD: AJKM) Research compiled by Tajikgeology and released to the Anglotajik Dushanbe office, indicate extensive exploration activity within the Akjilga Deposit, commencing as early as 1955.

This Soviet (Pamir Expedition) documentation identified 5 separate areas of interest within the Akjilga area. All deposit zones indicated mapping, trenching, and diamond drilling to adit access and drifting along strike.

A summary of this data supplied indicates "inferred reserves" of 815,900 tonnes of ore grading 2.2 kg/t Ag. (Silver). Additional and significant grades of Copper and Bismuth were also indicated. The Pamir Expedition documents indicate over 13000 meters laterally, extending 30 to 40 meters below surface.

Due to this most recent review, Anglotajik Management has determined to re-evaluate the budget proposal currently being addressed for the initial Ikar Tungsten/Gold deposit and to now include immediate on-site preparation of the Akjilga Deposit.

Anglotajik Minerals is a US resource company, focused on the exploration and advancement of mineral assets in Tajikistan. The company has acquired the exploration and Mining licenses for a 400 sq km property known as the Rushan Belt, located in the Pamir area of Tajikistan. The company has identified several known deposits and is currently developing exploration strategies in..."

(reference) http://goliath.ecnext.com/coms2/gi_0199-3968912/Akjilga-Deposit-Reviewed.html


A summary of this data supplied indicates "inferred reserves" of 815,900 tonnes of ore grading 2.2 kg/t Ag. (Silver).

815,900 tonnes @ 2.2kg/t Ag
= 815,900 x 2.2 x 35.3 (oz/kg) = 63,362,794 oz Ag

At current price of (say) $35/oz, Silver value of Akjilga = 63,362,794 x 35 = $2,217,697,790

Now let's substantially discount this 'current' (refined) value and make an estimate value of the Silver as an inferred 'in-ground' resource and also take into account the added costs of getting this resource to market from this remote location. (Not that Red October will be involved in any mining activity here at all.... that will be for someone else!)

So let's apportion a price of 50c /oz Ag That gives Red October an in-ground Silver value of over $30million.

NOTE - I've used Silvermex as the basis for my 50c estimate - http://www.wallstreetgrand.com/SMR.html

Now for those who believe that both Gold and Silver will rocket as inflation hedges due to the inevitable fall of the USD and EUR, this gives added value to a prospective mining concern ready to maximise this huge resource in the future.

NOTE ALSO..........

1. The current resource estimates have risen from the 63mill oz (2004) to 146mill oz (2011). On that basis you could more than double the in-ground value to over $60mill based on 50c per ounce.

2. This very same Alkjilga resource has previously also been noted for its Gold, Copper, Antimony & Bismuth content as well as Silver. No added estimate values for these minerals whatsoever, have been attributed to my calculations above, potentially pushing the very conservative $60+million valuation even higher!

This Akjilga Silver project is a project that ROS will (simplicically) package up, market and on-sell for a profit. As a shareholder of ROS, don't get hung up on the actual mining aspects of this play. ROS will not be involved in any actual 'ground breaking' mining set-up whatsoever. It will simply gather a profit for us all, move onto and maximise the next opportunity.