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: 11/17/2017 12:48:14 PM - Followers: 417 - Board type: Free - Posts Today: 1

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:


Interactive Brokers Advertisement
#33869   USA.TO/USAS looks like it is bottoming. Adding any? CPTMatt 11/17/17 12:48:13 PM
#33868   Guyana Goldstrike Launches Phase 1 Exploration at Marudi dj4321 11/16/17 01:50:55 PM
#33867   GWA.V Gowest aims to unlock refractory gold potential checkmate28 11/16/17 11:27:50 AM
#33866   Silver Bull Intersects 16 Meters of Sulphide Mineralization basserdan 11/15/17 08:47:07 AM
#33865   Zinc looks like LME stocks are plumbing new CPTMatt 11/14/17 03:16:01 PM
#33864   The deal that cinched my negative opinion of Lone Clone 11/14/17 02:07:38 PM
#33862   Kerr mines share certs are what is at CPTMatt 11/13/17 10:49:44 PM
#33861   raising capital fast according to your description. Could huesos 11/13/17 04:29:08 PM
#33860   ”...KERR MINES INC. (OTCQB:-KERMF) GOLD RUNNER!! ON-FULL-ALERT-MONDAY! goldenpolarbear 11/12/17 10:02:00 PM
#33859   Kootenay Silver's 11/7/17 Slide Show Presentation in Zurich basserdan 11/09/17 12:05:23 PM
#33858   It happens quite often in the deep cyclicals. beigledog 11/09/17 11:21:07 AM
#33857   CCJ - First time I've seen a cut CPTMatt 11/09/17 10:41:09 AM
#33856   Guyana Goldstrike Announces Multi-Phase Exploration Program at Marudi dj4321 11/09/17 09:23:41 AM
#33855   Big news in uranium today. Cameco is beigledog 11/09/17 09:19:30 AM
#33854   Nice Resource Update from Tinka announced this morning, Lone Clone 11/08/17 11:47:13 AM
#33853   Centerra buying AuRico... beigledog 11/07/17 11:21:38 AM
#33852   $PLG Platinum Group Metals Ltd. operates as a MazelTov 11/07/17 10:36:37 AM
#33851   $PPPMF Primero Mining Corp. is a Canadian-based precious MazelTov 11/07/17 10:24:52 AM
#33850   $PPPMF Primero Provides an Operations and Corporate Update MazelTov 11/07/17 10:08:50 AM
#33849   Thanks, that's the pep talk ... kozuh 11/05/17 01:30:39 PM
#33848   Guyana Goldstrike Inc. (GYA.V) recently had two significant dj4321 11/05/17 08:44:49 AM
#33847   Thanks for your succinct analysis of the company's huesos 11/04/17 09:05:43 PM
#33846   Juan Costello from the Wall Street Analyzer interviewed goldenpolarbear 11/04/17 04:12:58 PM
#33845   Koz GWA I am not a fan of checkmate28 11/04/17 10:46:48 AM
#33844   Checkmate28, GWA.v ... ??? kozuh 11/04/17 01:01:39 AM
#33843   Tinka continues to trade higher in advance of Lone Clone 11/03/17 10:39:37 AM
#33842   Primero Mining Corp., a precious metals producer, engages MazelTov 11/03/17 08:38:53 AM
#33841   Analysts Set Primero Mining Corp $PPPMF $PPP 4000% MazelTov 11/03/17 08:37:45 AM
#33840   PLG GOOD ENTRY MazelTov 11/02/17 02:23:06 PM
#33839   PLG seems to be in the process of huesos 11/02/17 01:27:43 PM
#33838   $GYA.V Trades up Guyana Goldstrike on Royalty News dj4321 11/02/17 10:08:19 AM
#33837   Impala Platinum Buys 15% Stake in Waterberg Project MazelTov 11/01/17 10:51:59 AM
#33836   Andy Homes Latest on Zinc. dr_airtime 10/26/17 04:50:15 PM
#33835   ASND.TO I haven't but am interested. It had a dr_airtime 10/26/17 04:48:48 PM
#33834   USA.TO/USAS Started buying back my trading shares at CPTMatt 10/26/17 03:12:30 PM
#33833   KRMEF/KAR.V behaving very well! Buyout coming! MWM 10/26/17 10:29:51 AM
#33832   Guyana Goldstrike Completes 3-D Modelling of Gold Assays dj4321 10/26/17 08:40:35 AM
#33831   Nexus Gold 3000m Drill Program At Rakounga Gold dj4321 10/25/17 10:39:35 AM
#33830   Dr. beigledog 10/24/17 07:19:03 PM
#33829   Thanks for pointing that out Bob. I have Lone Clone 10/24/17 06:55:22 PM
#33828   A VALUE Microcap? “...Kerr Mines confirms new mineralized goldenpolarbear 10/24/17 05:59:19 PM
#33827   $PPPMF Primero Provides an Operations and Corporate Update MazelTov 10/22/17 08:41:09 PM
#33826   Northern Empire Resources, NM.v/NOEEE C$.94 Bobwins 10/22/17 02:01:00 PM
#33825   checkmte28: EXN bbotcs 10/21/17 06:34:10 PM
#33824   CPTMatt Re DNI.C DMNKF + GWA.V The checkmate28 10/21/17 10:38:18 AM
#33823   bbotcs Re EXN EXLLF Excellon. They caught me checkmate28 10/21/17 10:16:52 AM
#33822   Karmin files Aripuanã PEA and Examines Strategic Alternatives MWM 10/19/17 03:21:20 PM
#33821   checkmate28: EXN Good, good stuff. bbotcs 10/19/17 03:06:51 PM
#33820   DNI/DMNKF - Given how close you are to CPTMatt 10/19/17 02:26:26 PM