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Last Post: 10/22/2016 2:46:30 PM - Followers: 418 - Board type: Free - Posts Today: 0

This board is for discussing junior miners in both base and precious metals. The commodities boom appears to be a longer term issue so these stocks should become more important as investors try to find small companies that are discovering new deposits.

The typical scenario is that the big companies have such high overhead that they can only look for huge deposits. However as commodities rise in price and all producers max out production, the larger players struggle to replace reserves. The junior miners typically fill that role by finding deposits and then selling out to the cash rich bigger players.

My normal investing strategy is to look for profitable stocks with low p/e's. That strategy is difficult with mining stocks because most are not in production or are losing money.

My alternative strategy is to look for miners with near term potential to begin production. Those are the stocks that I will attempt to focus on along with any stocks that are actually profitable.





Zinc prices have underperformed relative to other base metal prices during the commodity boom of 2010-11.  There is supposed to be a surplus in supply in the near term but significant shortages could develop over the next few years.  Several large zinc mines are slated to run out of reserves during this time period and demand is expected to continue to increase. 


  China remains the most important barometer of base metal fortunes.  If their economy continues to grow, copper usage and prices will continue to be supported at the current high levels.

Capstone Mining Corp
F.D. 82.1M, The company is buying back 10% its shares from mid 07-mid 08. Holding ~20m shares of SST.v plus warrants.
Cash cost about 40c copper net byproduct credit, going lower as smelter charges drop in 08 and lead price jumps.
Recently increased its mill output by 120% under budget. Guiding 26 M lb of copper, 11.3M lb of zinc and 4.1M lb of Lead in 08.
New resource update by sep 07.

S.O. 38.1M + 3.9M (InterMoly) + 12M (PP, fully allocated)=54M
F.D. 42.6M + 3.9M (InterMoly) + 24M (PP, fully allocated)=70.8M
2007 guidance: 125 M lb copper and 60 K oz gold
Q1 2007 production: 36.6 M lb copper and 31 K oz gold. Cost: ~$1.5/lb

Taseko Mines Ltd. (TGB)
S.O. 113.6 M
F.D. 126.4 M
2007 guidance: 60-70M lb copper and 1 M lb of moly. Cost: ~$1.5/lb
Production set to increase to 120 M lb copper and 1.4 M lb of moly in late 2008 and cost will go down to close to US$1.1/lb area.




S.O. 90.4M
F.D. 105.5M


Profitable mine in Peru has financed much of the development of their new mine in Mexico.  Producing over 2million oz of silver now, targeting 5million+ oz in 2013 when new San Jose mine should be at full production capacity.




Silver Wheaton is the biggest silver streamer.  They finance many junior miners by buying future production of silver at fixed prices.  The typical price they pay is 3.90/oz.  The miner gets needed financing to bring mines into production and SLW gets all or a percentage of their future silver production.  Silver Wheaton has financing power that many juniors lack.  Now that they have been in business for several years, their initial investment projects are coming into production and raising SLW's production levels.  Lower risk way to play silver because of diversification and lack of mining risk.  SLW is relatively low overhead. They have a small office staff of finance experts who continue to add deals to the portfolio and production without significantly adding to overhead now and in the future.  



Worldwide, there are hundreds of nuclear powerplants on the drawing board.  The current mining supply is well below current usage.  The deficit is being supplied by Russia from deactivated nuclear warheads.  That program is going to end in 2013 and Russia has indicated they will retain whatever is remaining of their inventory for their own nuclear powerplant use.  As that deadline approaches, there is more and more likelihood that uranium will increase in price.  

Strathmore Minerals STM.v
 Near term producer, with two projects being advanced towards production.  Strathmore has a JV with Sumitomo to develop Roca Honda in New Mexico and is pursuing licensing for the Gas Hills Project in Wyoming.  Strathmore has a large acreage position in the US of prospects that it intends to JV or sell to concentrate on it's core products.  These properties were acquired many years ago at very low prices.  

Uranerz Energy URZ





MontyHigh's blog, quite informative:

A Good web site for juniors:


#32797   GSS +.0146 to .833 Golden Star Bobwins 10/22/16 02:46:30 PM
#32796   HL -.06 to $5.91 I Bobwins 10/22/16 02:04:36 PM
#32795 +.01 to A$.36 Bobwins 10/22/16 01:12:32 PM
#32794   Zinc is startin to really heat up, much Lone Clone 10/21/16 07:21:55 PM
#32793   USA.t ASM - ASM.V I traded checkmate28 10/21/16 11:58:21 AM
#32792   Your welcome Edge watch for high grade silver dj4321 10/20/16 10:49:38 AM
#32791 +.007 to A$.762 Bobwins 10/19/16 09:02:22 PM
#32790   I'm not sure, I haven't done any deep Edge83 10/19/16 07:26:38 PM
#32789   What is the history of share count on huesos 10/19/16 07:08:46 PM
#32788   Silver Spruce Resources // SSEBF // also SSE Edge83 10/19/16 05:49:09 PM
#32787   $SEK.V - Secova Metals to Drill Duvay Gold dj4321 10/18/16 09:09:18 AM
#32786 +.025 to A$.735 Blackham Bobwins 10/18/16 02:53:49 AM
#32785 +.02 to C$.32 Bobwins 10/17/16 01:43:14 PM
#32784   Zinc - this week important. Here's why.... dr_airtime 10/17/16 12:17:29 PM
#32783   $AMRS Basic Materials myopinion 10/17/16 08:13:45 AM
#32782   dilution = de-valuation (eom) kozuh 10/16/16 06:10:32 AM
#32781   Latest Andy Home article on zinc Lone Clone 10/15/16 06:08:55 PM
#32780   RE: AUE.T took a hit today on daredguy 10/14/16 12:07:49 PM
#32779   Evolving Gold Conducting Fieldwork on the Toro and basserdan 10/13/16 11:23:42 AM
#32778   GORO Intercepts Additional High Grade Including 12.19 Meters CPTMatt 10/13/16 09:28:32 AM
#32777   Lithium boom losing steam as prices drift lower Lone Clone 10/12/16 07:50:51 PM
#32776   HER.TO - local news article. dr_airtime 10/12/16 06:16:14 PM
#32775   GORO News I added a large chunk checkmate28 10/12/16 08:56:27 AM
#32774   VTT.V - Two huge Directors added to Board. dr_airtime 10/11/16 02:54:20 PM
#32773   CGE.V - Alamos PP to 19.99% dr_airtime 10/11/16 09:54:56 AM
#32772   Clearly I was wrong on gold and silver CPTMatt 10/11/16 07:40:35 AM
#32771   HER.TO - waiting on project financing. dr_airtime 10/10/16 01:13:36 PM
#32770   CPTMatt GORO Great job on GORO. I didn't checkmate28 10/10/16 09:54:52 AM
#32769   Miners - getting in heavy at open. CPTMatt 10/10/16 07:19:16 AM
#32768   GORO - 5.20's, getting pretty gnarly out there. CPTMatt 10/07/16 03:46:48 PM
#32767   ASM bought some more, hoping for something of CPTMatt 10/07/16 09:32:57 AM
#32766   Payrolls dissapoint, gold up, miners gapping up for open CPTMatt 10/07/16 09:26:59 AM
#32765   I also bight some JNUG, which is some nsomniyak 10/06/16 07:40:34 PM
#32764   I did as well. Also bought some ASM CPTMatt 10/06/16 06:58:53 PM
#32763   I added more GWSAF today. Looking at nsomniyak 10/06/16 03:33:27 PM
#32762   GPM.V + .10/40% - news leak? dr_airtime 10/06/16 02:59:49 PM
#32761   It's gone down pretty close to 200 DMA. EOM. dr_airtime 10/06/16 11:38:25 AM
#32760   Putting in some orders today to start buying CPTMatt 10/06/16 11:05:52 AM
#32759   $SSE.V Silver Spruce – Chart Reports High Grade dj4321 10/05/16 10:22:29 AM
#32758   GWA - Ah crap so that's you that's CPTMatt 10/04/16 05:15:09 PM
#32757   GORO & others! I had an order in checkmate28 10/04/16 02:36:30 PM
#32756   I added a little GWSAF yesterday. nsomniyak 10/04/16 01:56:45 PM
#32755   CPTMatt, Yes forgot about that. At that checkmate28 10/04/16 01:46:49 PM
#32754   I bought more GORO as well today at nsomniyak 10/04/16 12:53:53 PM
#32753   GORO bought some around 6 for a trade. CPTMatt 10/04/16 11:36:01 AM
#32752   Longer term it is a buying opportunity. CPTMatt 10/04/16 11:31:37 AM
#32751   Analyst: Gold Could Fall Below $1000 in 2017 myopinion 10/04/16 11:13:03 AM
#32750   Good results from metallurgical testing on Tinka's zinc Lone Clone 10/04/16 10:42:59 AM
#32749   golds are collapsing ...technical selling now JustForFun7 10/04/16 10:39:44 AM
#32748   Why the big drop in GORO this morning? nsomniyak 10/04/16 09:38:08 AM