Cannabis Stocks News
Interactive Brokers Advertisement
Home > Boards > Free Zone > User's Groups >

Value Microcaps Junior Miners

RSS Feed
      Hide Sticky   Hide Intro
Moderator: Bobwins Assistants: cl001
Search This Board: 
Last Post: 8/17/2017 1:58:09 PM - Followers: 420 - Board type: Free - Posts Today: 4

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:


#33672   DNI sounds great, thanks for keeping us up Traderfan 08/17/17 01:58:09 PM
#33671   DNI. More news checkmate28 08/17/17 01:42:37 PM
#33669   Retains Engineering Firm for 3D Modelling of Previous dj4321 08/17/17 09:28:33 AM
#33668 DMNKF Offtake MOI checkmate28 08/16/17 05:12:32 PM
#33667   USA.TO - cancel that. Zinc breaking out. dr_airtime 08/16/17 12:38:00 PM
#33666   USA.TO getting close... dr_airtime 08/16/17 12:21:19 PM
#33665   I hope at least a few of you Lone Clone 08/16/17 11:27:35 AM
#33664   As to the Lemers, I hung out with checkmate28 08/14/17 04:27:53 PM
#33663   OT - Each could come with one of CPTMatt 08/14/17 02:39:27 PM
#33662   CPTMatt: Madagascar bbotcs 08/14/17 01:16:24 PM
#33661   GORO - Relative to the price of silver CPTMatt 08/14/17 10:27:14 AM
#33660   DMNKF, I own some, I didn't even realize Traderfan 08/14/17 10:22:05 AM
#33659   Just send it to CNN eom CPTMatt 08/14/17 10:09:10 AM
#33658   CPTMatt: I'll pass that post on to bbotcs 08/14/17 10:05:34 AM
#33657   OT - On the other hand you can CPTMatt 08/14/17 10:00:56 AM
#33656   OT: Madagascar bbotcs 08/13/17 06:22:16 PM
#33655   Welcome everybody On the way to the airport checkmate28 08/11/17 02:52:21 PM
#33654   checkmate28: wonderful post. Thank you. bbotcs 08/11/17 01:55:34 PM
#33653   OMI.V Orosur Mining Inc Announces Oversubscribed Conditional Subscription checkmate28 08/11/17 01:48:46 PM
#33652   Good luck on your DNI.... theme_investor 08/11/17 12:48:14 PM
#33651   DNI Been breaking out. Trading .12 this AM checkmate28 08/11/17 12:16:28 PM
#33650   Re ORV. I think they produced 2000 more checkmate28 08/11/17 12:15:25 PM
#33649   but I hope they sell all of their theme_investor 08/11/17 11:12:35 AM
#33648   Yep...lookin good check.... theme_investor 08/11/17 10:19:52 AM
#33647   Checkmate, thanks for ORVMF! kozuh 08/11/17 05:29:26 AM
#33646   OT Huesos & rrten Running on vapors for checkmate28 08/10/17 08:21:02 PM
#33645   ORVANA $8 Million in cash-flow for Q3. checkmate28 08/10/17 08:09:33 PM
#33644   ORV.t ORVMF Hits it out of the checkmate28 08/10/17 07:58:40 PM
#33643   Checkmate Don't forget to get your shots before rrten 08/08/17 06:34:41 PM
#33642   It would indeed be fascinating to here about huesos 08/08/17 06:14:46 PM
#33641   Give us a trip report on you Madagascar excursion! nsomniyak 08/08/17 05:57:02 PM
#33640   I did buy some DMNKF back then based nsomniyak 08/08/17 05:56:16 PM
#33639   DNI Metals DMNKF Now trading at .095 checkmate28 08/08/17 05:44:54 PM
#33638   checkmate28: Thanks for the update. If bbotcs 08/07/17 01:44:03 PM
#33637   What are a few of your favorite producers? Edge83 08/04/17 06:35:05 PM
#33636   GORO Thanks Checkmate. I believe GORO is a rrten 08/04/17 10:15:48 AM
#33635   rrten ASM I hadn't had a checkmate28 08/04/17 09:27:47 AM
#33634   Lone Clone thanks... dr_airtime 08/03/17 05:31:24 PM
#33633   Checkmate have you looked at ASM at all? rrten 08/02/17 08:45:33 PM
#33632   When investing in Mongolia, you have to follow Lone Clone 08/02/17 01:42:47 PM
#33631   ERD.TO - buying and hoping for NexGen repeat. dr_airtime 08/02/17 11:56:48 AM
#33630   GORO Conference call now checkmate28 08/02/17 11:04:11 AM
#33629   OT: best scene in Canadian Bacon dr_airtime 07/31/17 01:40:47 AM
#33628   OT: I have never seen the movie Canadian Lone Clone 07/30/17 12:44:14 PM
#33627   LoneClone: OT bbotcs 07/29/17 07:45:31 PM
#33626   I owned HBM shares for a long time Lone Clone 07/29/17 06:07:56 PM
#33625   To be honest, I haven't looked that closely Lone Clone 07/29/17 05:57:31 PM
#33624 JAG.v Thanks for the update. MND checkmate28 07/28/17 08:11:05 PM
#33623   MND.TO - ran into IR guy.... dr_airtime 07/28/17 04:51:32 PM