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Last Post: 12/2/2016 4:06:47 PM - Followers: 420 - Board type: Free - Posts Today: 2

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:


#32901   Saw that on GORO dividend - thanks for posting. nsomniyak 12/02/16 04:06:47 PM
#32900   GORO Dont know if anyone caught this, checkmate28 12/02/16 12:55:33 PM
#32899   GWA, yes seems there was just one seller Traderfan 12/01/16 04:51:47 PM
#32898   GWA.V You called it. Gold could have checkmate28 12/01/16 04:49:57 PM
#32897   GWA collapsing. Was just a matter of time Traderfan 12/01/16 10:00:14 AM
#32896   Trader Gowest Not sure what Im going to checkmate28 11/30/16 11:56:14 PM
#32895   GWA, I might consider selling half of my Traderfan 11/30/16 11:56:03 AM
#32894   GRG.V/GARW - Silver Standard Buyout dr_airtime 11/29/16 01:54:45 AM
#32893   Kootenay Silver Announces New Drill Discovery Proximal to basserdan 11/28/16 11:47:57 AM
#32892   Rare Earths Lynas > LYSCF Overall Average: 72% myopinion 11/25/16 07:26:06 PM
#32891   GORO: This company mines in Mexico. bbotcs 11/25/16 02:55:49 PM
#32890   There is no 'they' doing nefarious things in Lone Clone 11/24/16 08:33:03 PM
#32889   TV.TO - taking profits. dr_airtime 11/24/16 12:21:17 PM
#32888   $GRLF 3 months chart myopinion 11/24/16 10:12:19 AM
#32887   BSTO has started it's move to much higher KEEMAJO 11/24/16 09:34:59 AM
#32886 +.31 to C$4.44 Bobwins 11/23/16 04:24:51 PM
#32885   Agreed, the strong dollar is certainly a factor Traderfan 11/23/16 12:45:21 PM
#32884   Rise in USD is one reason but I'm CPTMatt 11/23/16 12:16:23 PM
#32883   Unreal what they do with Gold. Shouldn't it Traderfan 11/23/16 12:11:24 PM
#32882   1,200/oz broke. Gonna be some rough sledding CPTMatt 11/23/16 09:52:24 AM
#32881   Some of the GOLD BUg guys make me Lone Clone 11/23/16 09:26:47 AM
#32880   Gold bug commercials ... kozuh 11/22/16 10:59:02 PM
#32879   $REXX Operational Update myopinion 11/21/16 07:55:56 PM
#32878   GPM.V... ...risk reward perhaps better than when I bought. dr_airtime 11/21/16 06:52:59 PM
#32877   This one has now done a complete round huesos 11/19/16 03:18:30 PM
#32876   Here's Andy Home's latest on zinc Lone Clone 11/18/16 12:46:53 PM
#32875   Worth adding to GPM/GPMTF on this big drop? nsomniyak 11/18/16 12:44:51 PM
#32874   GWA.v GWSAF Gowest Gold Alert GWA at checkmate28 11/18/16 11:59:25 AM
#32873   GPM.V - zinc exploration. First drill results. Nothing.... dr_airtime 11/18/16 11:20:42 AM
#32872   Uranium bottomed? NXE.V & CCO.TO breakout dr_airtime 11/18/16 02:18:42 AM
#32871   Northern Dynasty NAK Up 100% since the election. checkmate28 11/16/16 10:21:22 AM
#32870   Good Stuff from Bob Moriarty checkmate28 11/16/16 01:28:34 AM
#32869   TV.TO - oops.. dr_airtime 11/15/16 11:45:01 AM
#32868   TV.TO Trevali + .06 to 1.17 on Q3 dr_airtime 11/14/16 05:04:42 PM
#32867   USA.TO/USAPF Dr Air You Mentioned checkmate28 11/14/16 03:45:45 PM
#32866   dr airtime and checkmate28: Do bbotcs 11/14/16 03:28:51 PM
#32865   USA.TO/USAPF - also zinc... dr_airtime 11/14/16 03:17:23 PM
#32864   Barrick as the/a PM Sector Benchmark nowwhat2 11/14/16 12:55:43 PM
#32863   GORO - Bought a bunch @ 4.20 for CPTMatt 11/14/16 11:07:59 AM
#32862   USA USAPF Silver Earnings out Impressive Situation brewing. checkmate28 11/14/16 10:05:09 AM
#32861   Silver Bull Commences 3,000 Meter Drill Program (TSX:SVB; OTCQB:SVBL} basserdan 11/14/16 09:22:25 AM
#32860   Nice overview. Thanks. Don't have much to add. nowwhat2 11/14/16 12:24:51 AM
#32859   The TPP treaty is dead, so ... kozuh 11/13/16 04:39:47 PM
#32858   Copper... ...maybe better observation is "the low appears to dr_airtime 11/13/16 01:54:53 PM
#32857   Copper - Why do you believe the bear CPTMatt 11/13/16 07:51:17 AM
#32856   Copper Bear Market Over. Here are some ideas. dr_airtime 11/13/16 01:54:24 AM
#32855   Traderfan. LOL I came here to post the checkmate28 11/11/16 11:44:09 AM
#32854   Yes, TF, not only over the "uncertainty" of value1008 11/11/16 11:41:29 AM
#32853   GORO low 4's now. The last thing I Traderfan 11/11/16 11:16:25 AM
#32852   AMY.v / AMYZF - up 50-60% today. A value1008 11/10/16 05:38:16 PM