SureTrader Nadex Advertisement SureTrader
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: 4/27/2017 5:44:48 PM - Followers: 421 - 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:


#33355   huesos: GORO bbotcs 04/27/17 05:44:48 PM
#33354   GORO I thought that the GDXJ has already rrten 04/27/17 05:13:52 PM
#33353   Aurcana Announces New VP Project Development and Files basserdan 04/27/17 04:28:39 PM
#33352   USA.TO - bought a bunch more today.... dr_airtime 04/27/17 02:26:59 PM
#33351   On GORO, the 52 week low is perhaps huesos 04/27/17 02:05:57 PM
#33350   I think I'm going to start a position Edge83 04/27/17 12:27:05 PM
#33349   Rough day today! beigledog 04/27/17 11:13:29 AM
#33348   You make valid points, clearly you have a CPTMatt 04/27/17 10:54:55 AM
#33347   GORO - the prediction on the board that CPTMatt 04/27/17 10:36:11 AM
#33346   Luke Thanks for the good info on DNI. checkmate28 04/27/17 09:49:32 AM
#33345   $ALZ.V $ALZTF - Aldershot Resources dj4321 04/27/17 09:23:41 AM
#33344   NGD had a good report today with current beigledog 04/27/17 09:10:57 AM
#33343   C28, they are entitled to their opinions. Luke_McCain 04/27/17 07:53:56 AM
#33342   DNI, I grabbed some lately. We will see. Traderfan 04/27/17 05:56:12 AM
#33341   Yes, I'm still holding CBGDF ... !!! kozuh 04/26/17 09:55:07 PM
#33340   beigledog, DNI - I hear you and we checkmate28 04/26/17 03:47:48 PM
#33339   Re: DNI - I posted some similar sentiment CPTMatt 04/26/17 03:22:19 PM
#33338   Checkmate...this is my personal opinion (from a guy beigledog 04/26/17 01:54:31 PM
#33337   DNI DMNKF is nearly next door to Energizer checkmate28 04/26/17 01:10:20 PM
#33336   SSL.TO acquires MARL.V dr_airtime 04/26/17 12:40:40 PM
#33335   Hello, Traderfan, Luke_McCain 04/26/17 10:43:31 AM
#33334   Yes that's what I meant. I read it Traderfan 04/26/17 10:26:27 AM
#33333   No, it is not "another round". It is Luke_McCain 04/26/17 10:18:00 AM
#33332   I just read that DNI metals will have Traderfan 04/26/17 09:17:34 AM
#33331 C$.93 still holding kozuh? Bobwins 04/25/17 08:47:51 PM
#33330   ORVMF - I agree. The market cap is ridiculous, Guy 04/25/17 04:27:25 PM
#33329   Checkmate 90 day 2 bagger list. Funny but checkmate28 04/25/17 11:13:32 AM
#33328   Zinc... Teck reported today. Teck owns the Red beigledog 04/25/17 10:43:16 AM
#33327   Is Bobwins still around? nefariouswu 04/25/17 01:42:33 AM
#33326   I did a little more poking around at Lone Clone 04/24/17 04:43:07 PM
#33325   If anyone is tempted to play the zinc Lone Clone 04/24/17 01:10:44 PM
#33324   I didn't look too closely at COR myself Lone Clone 04/24/17 01:06:37 PM
#33323   $ALZ.V $ALZTF - Aldershot Resources New Gold Discovery dj4321 04/24/17 08:58:34 AM
#33322   Lone Clone - COR.V dr_airtime 04/21/17 03:29:30 PM
#33321   Thanks to you and dr airtime for your Lone Clone 04/21/17 02:31:39 PM
#33319   On another note, has anyone been able to beigledog 04/20/17 09:52:27 PM
#33318   I personally think 48 months is probably too beigledog 04/20/17 09:51:12 PM
#33317   Lone Clone... beigledog 04/20/17 09:48:42 PM
#33316   Lone Clone - Trevali.. dr_airtime 04/20/17 03:42:59 PM
#33315   Trevali (TV-TO, TREVF) beigledog 04/20/17 01:08:23 PM
#33314   I also wanted to say a bit about Lone Clone 04/20/17 12:38:20 PM
#33313   What does your post have to do with Lone Clone 04/20/17 12:12:08 PM
#33312   If you have been around the commodity markets Lone Clone 04/20/17 12:02:48 PM
#33311   Perseus Mining PRU PMNXF Cheap today at .32 checkmate28 04/20/17 10:58:18 AM
#33310   ORV ORVMF Orvana Numbers out!! Just like Ive checkmate28 04/20/17 09:32:10 AM
#33309   checkmate28: The prefect storm would be a bbotcs 04/19/17 11:48:59 PM
#33308   bbotcs LOL Ill rob the kids piggy bank checkmate28 04/19/17 05:59:00 PM
#33307   LOL rrten No my $10K buys here and checkmate28 04/19/17 05:52:05 PM
#33306   GORO Checkmate, maybe GORO won't hit the 3 rrten 04/19/17 05:20:09 PM