SureTrader 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: 9/26/2016 2:27:30 PM - Followers: 419 - 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:


#32732   VTT.V - just put on map as zinc play dr_airtime 09/26/16 02:27:30 PM
#32731   Aurcana's Corporate Presentation for September 2016 (AUN.V ~ basserdan 09/26/16 02:21:01 PM
#32730   A write-u-p..always special~ SPARK 09/22/16 06:22:44 PM
#32729   Useful write-u-p by Andy Home on lithium supply. Lone Clone 09/22/16 11:56:11 AM
#32728   Nice move on GORO today. New 52 week checkmate28 09/21/16 08:30:50 PM
#32727   Matt, GWA I spoke with the company checkmate28 09/21/16 08:30:05 PM
#32726   ALG.V - Red Back 2.0? dr_airtime 09/21/16 06:46:20 PM
#32725   ALG.V - Red Back 2.0? dr_airtime 09/21/16 06:45:58 PM
#32724   Re: CGT.TO + CXB.TO dr_airtime 09/21/16 03:53:09 PM
#32723   Thanks, I own Columbus (eom) kozuh 09/21/16 03:21:24 PM
#32722   GWA - It's been about 1.5 months since CPTMatt 09/21/16 02:48:39 PM
#32721   MOGLF - Bought some. I subscribe to CPTMatt 09/21/16 01:59:26 PM
#32720 +.07 to C$.73 Columbus Bobwins 09/21/16 01:50:26 PM
#32719   Zinc & Zinc Miners Update dr_airtime 09/21/16 01:01:51 PM
#32718   Potentially big day today as Fed meeting to CPTMatt 09/21/16 06:47:29 AM
#32717   Gold may be at bottom of the channel. CPTMatt 09/20/16 07:50:08 PM
#32716   OT: replace your small bug ... kozuh 09/19/16 10:16:59 PM
#32715   GWA.V Gowest Gold Good supply of Shares checkmate28 09/19/16 03:14:49 PM
#32714   Bobwins: Thanks for the information I bbotcs 09/18/16 03:40:42 PM
#32713   Bob..agree!~ SPARK 09/17/16 09:17:52 PM
#32712   Unfortunately Butler has been "exposing" the big banks Bobwins 09/17/16 05:21:24 PM
#32711   basserdan: Silver VERY interesting. bbotcs 09/17/16 05:11:24 PM
#32710   HUM.L/HUMRF 22.50 GBP Bobwins 09/17/16 04:32:23 PM
#32709   Evolving Gold Identifies 24 Circular Kimberlite Exploration Targets, basserdan 09/16/16 11:16:14 AM
#32708   Jim Cook Interviews Ted Butler basserdan 09/14/16 08:19:54 AM
#32707   GPM.V - down with zinc.... dr_airtime 09/13/16 02:31:48 PM
#32706   GORO surprisingly strong despite silver being down 2% CPTMatt 09/12/16 11:40:57 AM
#32705   Reports 557 g/t Silver dj4321 09/11/16 12:05:20 PM
#32704   $NXS.V / $NXXGF Nexus Gold – News - dj4321 09/08/16 02:49:51 PM
#32703   Aurcana's Corporate Presentation for August 2016 (AUN.V ~ basserdan 09/08/16 10:46:16 AM
#32702   nice to see gold/silver stocks claw their way Bobwins 09/07/16 06:12:07 PM
#32701 +.01 to C$.77 Bobwins 09/07/16 10:59:30 AM
#32700   I detest Trevali's management, which seems to take Lone Clone 09/06/16 06:20:49 PM
#32699   Would like to hear your ideas about the Edge83 09/06/16 01:14:48 PM
#32698   HUM.L - also HUMRF on OTCBB dr_airtime 09/05/16 01:17:50 PM
#32697   HUM.L - also HUMRF on OTCBB dr_airtime 09/05/16 01:17:32 PM
#32696   yes some how i thought u was dare. mick 09/04/16 11:07:11 PM
#32695   Bob in the 1950's men holding hands used SPARK 09/04/16 10:57:22 PM
#32694   How Prices Get Set basserdan 09/04/16 07:57:08 PM
#32693   pdates?? I'm slow, you gotta spell it Bobwins 09/04/16 06:31:37 PM
#32692   any pdates my friend ????? goods to ya. mick 09/03/16 02:11:47 PM
#32691   good afternoon, good reads. mick 09/03/16 02:10:47 PM
#32690   dr airtime: USA.TO bbotcs 09/02/16 03:59:51 PM
#32689   HUM.L - see page 27 of presentation... dr_airtime 09/02/16 03:02:01 PM
#32688   Reminder: Zinc keeps going up... dr_airtime 09/02/16 02:11:27 PM
#32687   USA.TO... ...just back from vacation but think that is dr_airtime 09/01/16 03:36:55 PM
#32686   Gold vs USD CPTMatt 08/31/16 02:18:47 PM
#32685   Gold threatening $1300 Might be checkmate28 08/31/16 11:36:23 AM
#32684   ORV.T Down about 30% last couple weeks. I checkmate28 08/31/16 11:31:28 AM
#32683   Looks like our gold stuff is getting hammered Traderfan 08/31/16 11:28:05 AM