SureTrader Advertisement 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: 5/1/2016 7:07:37 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:


#32357   Has anyone here taken a close look at Lone Clone 05/01/16 07:07:37 PM
#32356   Every province is Canada is heavily subsidized by Lone Clone 05/01/16 06:57:18 PM
#32355   Quebec is a "debtor Province" ... kozuh 04/30/16 04:19:42 PM
#32354   OT: Um, you exhibit little familiarity with Canadian Lone Clone 04/30/16 03:44:02 PM
#32353   It's simply Politics 101 ... kozuh 04/30/16 03:22:45 PM
#32352   Quebec has been supporting ORT for years without Lone Clone 04/30/16 11:55:16 AM
#32351   au contraire, mon frère ... kozuh 04/29/16 11:31:19 PM
#32350   No idea but I'm in Toronto next week... dr_airtime 04/29/16 07:15:12 PM
#32349   81k shares sitting at 1.45. Someone with CPTMatt 04/29/16 04:05:17 PM
#32348   SMT.TO - buying more. Why not? dr_airtime 04/29/16 02:02:13 PM
#32347   Pick 3 Contest #4 Deadline Less then 4 SSKILLZ1 04/29/16 12:00:52 PM
#32346   Alas, I watched both SBB and CDB triple Lone Clone 04/29/16 11:34:03 AM
#32345   Trudeau had absolutely nothing to do with that Lone Clone 04/29/16 11:27:05 AM
#32344   Gold and silver running hard. Dollar breaking down. Bobwins 04/29/16 09:58:11 AM
#32343   GWA, as always thx for the information. Sounds Traderfan 04/29/16 03:07:58 AM
#32342   GWA.V. traderfan Re your personal mail. I don't checkmate28 04/29/16 02:29:39 AM
#32341   Gold > $1,270/oz and no posts today? CPTMatt 04/28/16 04:09:43 PM
#32340   LC As to DMM Robert Washer cant checkmate28 04/27/16 11:05:39 PM
#32339   Trudeau gives $ to Orbite !!! kozuh 04/27/16 08:46:06 PM
#32338   That deal DMM announced today might indeed save Lone Clone 04/27/16 06:31:41 PM
#32337   PRU.TO + .05/9% to $0.59 here's why... dr_airtime 04/27/16 12:00:41 PM
#32336   DMM.T Dynasty Metals announces that it has entered checkmate28 04/27/16 10:20:13 AM
#32335   PRU.TO Got over my jurisdiction hump and checkmate28 04/27/16 10:08:11 AM
#32334   PRU.TO/PMNXF - great SA article... dr_airtime 04/25/16 05:25:01 PM
#32333   CPM.v/CPMMF C$.30 Bobwins 04/25/16 10:59:02 AM
#32332   NXE.V - Sunday night thesis update. dr_airtime 04/24/16 10:29:15 PM
#32331   Pretty good for speech to text. Solved CPTMatt 04/23/16 01:06:57 PM
#32330   Pick 3 Contest #4 Deadline on Friday SSKILLZ1 04/23/16 10:13:02 AM
#32329   About $3k worth of volume all day. checkmate28 04/22/16 07:12:13 PM
#32328   C.DNI 0.045 -0.005 -10.00% 0.040 0.045 0.045 0.050 daredguy 04/22/16 06:24:03 PM
#32327   CPTMatt DNI whatever you're seeing now in the checkmate28 04/22/16 06:07:33 PM
#32326   DNI.V/DMNKF - US DMNKF traded down 28% today CPTMatt 04/22/16 04:37:36 PM
#32325   Gryphon had Mauritania assets called away in a CPTMatt 04/21/16 06:50:13 PM
#32324   Advanced Developers to Consider **please read** dr_airtime 04/21/16 01:44:49 PM
#32323   SMT.TO - check out this PR dr_airtime 04/21/16 12:02:16 PM
#32322 +.19 to C$3.40 Bobwins 04/21/16 10:16:00 AM
#32321   CM, at this point it's either bankruptcy or Lone Clone 04/20/16 07:29:06 PM
#32320   LC DMM.t Dynasty Metals +90% today at one checkmate28 04/20/16 06:37:11 PM
#32319   I still hold a small SVBL position. Have nsomniyak 04/20/16 04:52:22 PM
#32318   SVBL/SVB.TO - anyone have thoughts? dr_airtime 04/20/16 01:21:21 PM
#32317   thank you nsomniyak 04/20/16 10:23:23 AM
#32316   PMNXF CPTMatt 04/20/16 06:29:14 AM
#32315   Don't think so... dr_airtime 04/20/16 12:58:05 AM
#32314   is there a US-OTC symbol for PRU.TO (Perseus)? nsomniyak 04/19/16 10:15:15 PM
#32313   PRU.TO Correction. dr_airtime 04/19/16 12:20:11 PM
#32312   UBR.v +.015 to C$.185 so far Bobwins 04/19/16 11:55:12 AM
#32311   PRU.TO - new LOM Plan. Deja Vu? Still dr_airtime 04/19/16 10:30:58 AM
#32310   PRU.TO - new LOM Plan. Deja Vu? Still dr_airtime 04/19/16 10:30:57 AM
#32309   EXN.T +22 % Opps now 30% solid 500% checkmate28 04/18/16 01:59:36 PM
#32308   Yah. PRU.TO has definitely broken... dr_airtime 04/18/16 01:36:36 PM