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Last Post: 10/1/2015 12:29:13 PM - Followers: 418 - 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:


#31989   GQC.V - nice drilling surprise - 7.88 g/t dr_airtime 10/01/15 12:29:13 PM
#31988   A short summary of my history with PM investing... dr_airtime 09/25/15 01:59:36 PM
#31987   reply to Bob ... kozuh 09/24/15 07:35:27 PM
#31986   Over the past few years, gold and gold Bobwins 09/24/15 12:35:57 PM
#31985   The Mythical Silver Shortage -- words of wisdom Lone Clone 09/24/15 11:06:21 AM
#31984   KAM.V - Just Out - 2.68M Indicated Au dr_airtime 09/23/15 01:14:03 PM
#31983   I wish Gowest would do something to the upside. Traderfan 09/23/15 12:19:21 PM
#31982   How smaller Canadian gold miners are thriving. dr_airtime 09/22/15 02:01:59 PM
#31981 +.02 to C$.62 Bobwins 09/21/15 10:35:48 AM
#31980   New (free access) blog post from Claude Cormier Lone Clone 09/14/15 08:47:19 PM
#31979   St. Andrew Goldfields (SAS.TO) I just added checkmate28 09/10/15 11:34:44 AM
#31978   They had to issue a correction Lone Clone 09/09/15 10:08:36 AM
#31977   good news from CRE.v ... !!! kozuh 09/08/15 07:57:17 PM
#31976   Is boB dyslexic ... ??? (eom) kozuh 09/08/15 07:16:11 PM
#31975   And Bob is looking smarter than ever for Lone Clone 09/08/15 11:19:16 AM
#31974   I have a few shares in CRE.V just Lone Clone 09/04/15 12:32:05 PM
#31973   CRE.v trading halt today ... !!! kozuh 09/03/15 08:45:16 PM
#31972   Claude Cormier.. dr_airtime 09/03/15 03:06:22 PM
#31971   If you want to check out Claude Cormier, Lone Clone 09/03/15 11:10:35 AM
#31970   The latest on IRL Lone Clone 09/03/15 11:09:08 AM
#31969   another plus is that many miners are operating Bobwins 09/02/15 07:03:32 PM
#31968   Thanks for the thoughts on the matter. JustForFun7 09/02/15 04:01:10 PM
#31967   Personally, I would not be surprised to see Lone Clone 09/02/15 01:11:24 PM
#31966   I came very close to cashing out on Lone Clone 09/02/15 01:06:55 PM
#31965 Explains how Perseus has Bobwins 09/02/15 11:48:40 AM
#31964   is it time to start looking at the JustForFun7 09/02/15 10:13:07 AM
#31963   Consolidation of PC Gold and Gold Canyon this morning dr_airtime 09/01/15 12:26:52 PM
#31962   MND.TO - updated megaphone chart.... dr_airtime 09/01/15 02:54:57 AM
#31961   I sold a few weeks ago before Bobwins 08/30/15 06:33:20 PM
#31960   Good information, that's why its better to ask, alexed 08/30/15 03:20:31 PM
#31959   Make sure you follow what's going on with Lone Clone 08/30/15 12:44:44 PM
#31958, ok I reading thru latest press release alexed 08/30/15 12:23:55 AM
#31957   Perseus Mining +.05 to C$.355 Bobwins 08/28/15 02:54:49 PM
#31956   Trader Re GWA.V Gowest. As you probably checkmate28 08/20/15 09:22:58 PM
#31955   GWA, very surprised to basically see zero buying Traderfan 08/20/15 01:09:41 PM
#31954   Hodges made a big mistake trying to shut Lone Clone 08/20/15 11:56:32 AM
#31953   It's alive! GDX +.66 to 15.87 Bobwins 08/20/15 10:54:32 AM
#31952   IRL.TO - Minera IRL thedivot 08/19/15 10:33:05 PM
#31951   Hiccup for IRL; the community doesn't like their Lone Clone 08/17/15 09:59:01 AM
#31950   Thanks Dr. With the glut of oil CPTMatt 08/13/15 09:35:43 PM
#31949   FYI - for Americans buying $CAD TSX miners dr_airtime 08/13/15 01:28:11 PM
#31948   Laggards..... ...I've been buying only oversold seniors and intermediates, dr_airtime 08/12/15 12:09:25 PM
#31947   GDX +.58 to 15.08 GDX continues Bobwins 08/12/15 10:16:38 AM
#31946   Green all over today. We missed SA at checkmate28 08/11/15 04:25:11 PM
#31945   decent day for gold but better for miners Bobwins 08/11/15 04:21:00 PM
#31944   I see Claude Cormier as a voice of Lone Clone 08/11/15 03:56:39 PM
#31943   Saville's getting pretty bullish on gold too Lone Clone 08/11/15 03:46:13 PM
#31942   Lone Clone - thanks. Can you elaborate? dr_airtime 08/11/15 01:46:07 PM
#31941   I agree. This is not new at all. huesos 08/11/15 12:16:40 PM
#31940   I am very pleased to report that my Lone Clone 08/11/15 11:59:07 AM