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Last Post: 1/27/2015 9:03:49 AM - Followers: 428 - 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:


#31662   Silver Bull Announces Closing of Sale of Gabon basserdan 01/27/15 09:03:49 AM
#31661   Dr Air Are you going here? Mineral Exploration checkmate28 01/27/15 12:04:47 AM
#31660   Uracan and Forum Uranium Announce Drill Results From basserdan 01/26/15 12:59:28 PM
#31659   Front Page Northern Miner Tomorrows edition ICG.v Integra Gold checkmate28 01/25/15 11:37:34 PM
#31658   CMM.V - Will be a mine + 30g/t dr_airtime 01/25/15 09:25:12 PM
#31657   ICG.v Integra Gold. Quite a story brewing up checkmate28 01/23/15 01:12:14 AM
#31656   TV.TO/TREVF C$1.04 Bobwins 01/22/15 09:19:20 AM
#31655   Dr Air Excellent points on the Canadian minors checkmate28 01/21/15 12:34:20 PM
#31654   GYST restarts gold mining (42 mill OS) sweet crude 01/21/15 10:58:13 AM
#31653   FYI - Canadian Dollar Going Lower...rate cut dr_airtime 01/21/15 10:53:30 AM
#31652   Gold breaches $1,300! The rally monkey better CPTMatt 01/21/15 12:51:15 AM
#31651   SWC Stillwater - anyone looked lately? dr_airtime 01/20/15 04:59:09 PM
#31650   GWA.V GWSAF Gowest Gold. Looks like the market checkmate28 01/20/15 02:01:43 PM
#31649   Forum Uranium Reviews 2014 Highlights and 2015 Drill basserdan 01/20/15 01:05:10 PM
#31648   Dr Air. One thing about any Lakeshore vs checkmate28 01/20/15 12:26:44 AM
#31647   Dr Air request. ICG.V Im up 50% since checkmate28 01/20/15 12:16:44 AM
#31646   More good news for gold CPTMatt 01/19/15 08:45:25 PM
#31645   Vancouver Resource Conference 2015 Notes dr_airtime 01/19/15 05:22:05 PM
#31644   EDV.TO Endeavour Mining provides notice of a CPTMatt 01/16/15 04:29:29 PM
#31643   EDV.TO - great 2014... dr_airtime 01/16/15 02:47:16 PM
#31642   Mixed bag. I lost money but not Bobwins 01/16/15 11:34:24 AM
#31641   The rally monkey has been in the back Bobwins 01/16/15 11:27:13 AM
#31640   Too early for the rally monkey? CPTMatt 01/16/15 09:52:19 AM
#31639   Get ready for it. They (the fed and the cork 01/15/15 01:50:18 PM
#31638   You make it out of your calls, Bob? ashy2classy 01/15/15 12:29:25 PM
#31637   gold +.27.60 to 1262.10 Bobwins 01/15/15 12:18:02 PM
#31636   Vancouver Mining show up on Sunday... dr_airtime 01/15/15 10:14:07 AM
#31635   ICG.V... ...saw that but have been having an insance dr_airtime 01/15/15 10:07:08 AM
#31634   I was surprised too. Maybe a few Bobwins 01/14/15 04:35:13 PM
#31633   CPTMatt, Couple ideas, It could be that checkmate28 01/14/15 03:04:22 PM
#31632   Any idea why the selloff? POG relatively CPTMatt 01/14/15 02:59:22 PM
#31631   Big opps on ICG.v Just went over my checkmate28 01/14/15 01:19:07 PM
#31630 C$1 Bobwins 01/14/15 12:43:10 PM
#31629   DrAir Sure you must have read the ICG.v checkmate28 01/14/15 12:32:53 PM
#31628   Gold holding up well in light of continued CPTMatt 01/14/15 12:07:04 PM
#31627   Be very very careful with GYST. Like many Lone Clone 01/13/15 06:39:17 PM
#31626   Crocodile Gold has actually done a good job Lone Clone 01/13/15 06:35:12 PM
#31625   Aurcana Delivers Highest Quarterly Production in History in basserdan 01/13/15 05:30:25 PM
#31624   Integra Gold ICG.V just knocked it out of checkmate28 01/13/15 04:22:51 PM
#31623   CRK,to from what i remember having owned them in JustForFun7 01/13/15 08:45:37 AM
#31622   GYST (.01) operating miner, only 40 mill OS sweet crude 01/13/15 08:44:09 AM
#31621   CRK.TO Crocodile Gold what am I missing? silver100 01/12/15 11:52:36 PM
#31620   GDXJ +1.73 to 29.21 long overdue Bobwins 01/12/15 02:10:42 PM
#31619   RIO.TO is on the verge of breaking out Lone Clone 01/12/15 12:29:22 PM
#31618   dr airtime: EDV.TO and CAL.TO bbotcs 01/09/15 11:56:52 PM
#31617   My best guess on the roadmap of POG Tim Lamb 01/08/15 01:40:40 PM
#31616   OT: Market Anthropology on Gold... dr_airtime 01/08/15 08:34:31 AM
#31615   EDV.TO - time to buy here IMO dr_airtime 01/07/15 11:05:01 PM
#31614   gdxj +1.91 to 27.90 Bobwins 01/06/15 04:00:51 PM
#31613   GWA, good to see you holding on to Traderfan 01/05/15 01:40:05 PM