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Last Post: 8/24/2016 11:55:05 PM - Followers: 419 - 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:


#32671   Bobwins: Fed bbotcs 08/24/16 11:55:05 PM
#32670   checkmate28: EXN.TO bbotcs 08/24/16 11:46:33 PM
#32669   Jumping at the shadows....... Bobwins 08/24/16 11:30:10 PM
#32668   CPTMatt GORO EXCELLON & GOWEST I will be checkmate28 08/24/16 03:14:13 PM
#32667   Any dip buyers out there today? GORO CPTMatt 08/24/16 10:39:42 AM
#32666   $LAD.V $LADFF - New Carolin Samples 25.50 Metres dj4321 08/21/16 09:02:20 PM
#32665   EXN.T Excellon swings back into profit as checkmate28 08/18/16 01:38:13 AM
#32664   LC DMM. Dynasty I posted I was out. checkmate28 08/18/16 01:15:26 AM
#32663   Re Goro, Those 2 Nevada properties are together checkmate28 08/18/16 01:13:39 AM
#32662   Well done on the DMM trading. But beware Lone Clone 08/17/16 06:16:43 PM
#32661   EXN.TO/EXLLF Commences Drilling, stock takes hit down 11% CPTMatt 08/17/16 10:27:12 AM
#32660 A$1.15 Bobwins 08/17/16 12:20:38 AM
#32659   GORO Purchases Isabella Gold Project in Nevada. rrten 08/16/16 04:46:01 PM
#32658   ORV.T ORVMF Orvana .38 today Been on a checkmate28 08/16/16 03:44:28 PM
#32657   LC DMM.t Dynasty Goldfields plus 50% today. They checkmate28 08/16/16 03:22:50 PM
#32656 +.11 to A$1.13 Bobwins 08/16/16 12:20:32 AM
#32655   Nexus Gold - NXS.V Trades up ... dj4321 08/15/16 10:59:50 PM
#32654   For certain the buy the dip strategy haw CPTMatt 08/15/16 07:59:44 PM
#32653   Also, Heron Resources is spinning off their old/nickel Lone Clone 08/15/16 07:36:53 PM
#32652   Another entrant in the zinc sweepstakes -- Callinex Lone Clone 08/15/16 06:03:20 PM
#32651 A$.40 Bobwins 08/15/16 01:55:15 PM
#32650   while spot prices may peak, contract prices for Bobwins 08/15/16 01:37:03 PM
#32649   Recent SA article on Orocobre CPTMatt 08/15/16 10:15:43 AM
#32648 +.025 to A$1 Bobwins 08/15/16 01:37:23 AM
#32647   Chen's latest interview: Bobwins 08/13/16 04:19:28 PM
#32646   Thanks, Bob ... kozuh 08/13/16 03:53:17 PM
#32645   I am starting to wonder if Centamin, which Lone Clone 08/12/16 07:34:17 PM
#32644 C$.14 Bobwins 08/12/16 10:27:17 AM
#32643   GPM.V 61,525,357 + CPTMatt 08/11/16 02:25:22 PM
#32642   GPM.V - looked into this. dr_airtime 08/11/16 01:44:38 PM
#32641   GPM.V warrants, no idea about buying derivatives on CPTMatt 08/11/16 11:54:17 AM
#32640   EXN.t yeah Matt it's 11 p.m. here. checkmate28 08/11/16 11:48:44 AM
#32639   GPM.V Do the warrants trade on the venture. rrten 08/11/16 11:47:21 AM
#32638   GPM.V - Filings, yes here you go. CPTMatt 08/11/16 11:41:56 AM
#32637   GPM.V - securities filings trump... dr_airtime 08/11/16 11:21:32 AM
#32636   EXN.TO/EXLLF up 100% now just from your reminder CPTMatt 08/11/16 10:53:47 AM
#32635   $NXS.V - Nexus Gold Trades Up - CEO Interview dj4321 08/11/16 10:47:02 AM
#32634 I was going to make the same observation. CPTMatt 08/11/16 09:27:28 AM
#32633   Dr. Air - I got the info from CPTMatt 08/11/16 09:23:36 AM
#32632   GPM.V - reminder and I see only 3M warrants? dr_airtime 08/10/16 02:32:19 PM
#32631   This is their low production quarter due to Tim Lamb 08/10/16 01:17:09 PM
#32630   SMT.TO - reminder. Late comer to Silver Rally... dr_airtime 08/10/16 12:35:53 PM
#32629   RE: TGZ.TO... dr_airtime 08/10/16 11:27:26 AM
#32628   Matt - do you happen to know the nsomniyak 08/10/16 09:51:59 AM
#32627   EXN.t EXLLF +15% leader on my list checkmate28 08/10/16 03:02:55 AM
#32626 +.08 to A$.40 Bobwins 08/10/16 12:39:29 AM
#32625   Highlights Placement raises $21 million from existing shareholders and Bobwins 08/09/16 10:43:39 PM
#32624   CGT.v +.08 to C$.88 Bobwins 08/09/16 10:22:01 PM
#32623   I believe some here are interested in Teranga. Lone Clone 08/09/16 09:59:42 PM
#32622   NXS.V Bobwins? Nexus Gold Corp. Signs Definitive Agreement checkmate28 08/09/16 03:36:28 AM