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Last Post: 12/19/2014 1:51:21 PM - Followers: 429 - Board type: Free - Posts Today: 3

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:


#31586   dr.airtime, great stocks. I bought on the dip today goforthebet 12/19/14 01:51:21 PM
#31585   Bbotcs.. clarify...these are probably the best risk-reward tax-selling dr_airtime 12/19/14 01:35:52 PM
#31584   Canadian plays: Thank you very much for bbotcs 12/19/14 11:46:43 AM
#31583   **Must Read** My Picks for Next 4 days dr_airtime 12/18/14 11:58:05 PM
#31582   dr airtime: Please do. I like bbotcs 12/18/14 08:12:21 PM
#31581   MND.TO - Tooting my own horn... dr_airtime 12/17/14 06:13:44 PM
#31580   AR.TO I am saying argonaut has much better assets. dr_airtime 12/16/14 04:51:31 PM
#31579   Hey dr, garb0 12/16/14 12:48:29 PM
#31578   Rio Tinto and BHP Billiton are looking to basserdan 12/15/14 07:56:03 AM
#31577   Kootenay Silver retains services of Hans Smit P.Geo basserdan 12/09/14 03:00:45 PM
#31576   AR.TO - put it on your tax loss dr_airtime 12/08/14 02:34:46 AM
#31575   Aurcana Announces New Mineral Resource Estimate for the basserdan 12/03/14 09:22:13 PM
#31574   $NWGC: 15s Le2dynasty 12/01/14 09:39:42 AM
#31573   The co. is a 1/2 mining co.! Le2dynasty 12/01/14 09:38:51 AM
#31572   What does your post have anything to do CPTMatt 12/01/14 09:36:20 AM
#31571   Buy Silver Bull Today, Get $2 Billion Of basserdan 12/01/14 08:38:06 AM
#31570   $DSCR: ABC Landline - The Hemp Comeback - Le2dynasty 11/24/14 03:39:44 PM
#31569   GORO Short Interest checkmate28 11/23/14 08:43:08 PM
#31568   A great deal of effort has been made huesos 11/23/14 04:25:20 PM
#31567   Thanks for the link (eom) kozuh 11/21/14 03:10:30 PM
#31566   Huesos checkmate28 11/20/14 11:33:51 PM
#31565   That's one from Chen Lin. What is the huesos 11/20/14 06:26:56 PM
#31564   Picked off some cheap GORO today adding to checkmate28 11/19/14 04:18:11 PM
#31563   gold stocks are rallying now! Bobwins 11/18/14 12:26:59 PM
#31562   Kootenay concludes Phase I drilling on La Negra basserdan 11/18/14 11:54:31 AM
#31561   In this market, we might have to resort checkmate28 11/17/14 07:56:30 PM
#31560   I had to break the ice. Has this checkmate28 11/17/14 07:38:04 PM
#31559   Pretty good volume on many of the better checkmate28 11/17/14 07:36:38 PM
#31558   Note that both are headquartered in ... kozuh 11/09/14 12:25:58 AM
#31557   BINGO!!! Scorpio Mining to merge with U.S. Silver bobby1231 11/07/14 08:46:13 PM
#31556   SPM & USA.. dr_airtime 11/07/14 04:55:21 PM
#31555   I noticed SPM & USA both halted around bobby1231 11/07/14 04:26:54 PM
#31554   Low cost producer that i own T.SMF. bobby1231 11/07/14 04:23:42 PM
#31553   I took a small starter position in MEAOF nsomniyak 11/07/14 04:07:50 PM
#31552   ANV - would be careful... dr_airtime 11/07/14 01:06:42 PM
#31551   LC I agree 100% ANV would be a checkmate28 11/07/14 11:24:02 AM
#31550   Maybe bottom close to be in. bobby1231 11/06/14 09:22:34 PM
#31549   I agree, as long as you treat ANV Lone Clone 11/06/14 08:44:11 PM
#31548   rpm.v or Rye Patch Gold is an early Bobwins 11/06/14 04:14:06 PM
#31547   Bob, how about RPM or MGG? steelpiston71 11/06/14 03:29:29 PM
#31546   LC Re ANV Allied Nevada Im not here checkmate28 11/06/14 02:53:00 PM
#31545   You probably have some time to think about Lone Clone 11/06/14 12:45:40 PM
#31544   CSQ Canamex-resources-corp down 25% today. Great buying opp. checkmate28 11/06/14 11:48:22 AM
#31543   thx lot dr airtime :) goforthebet 11/06/14 11:05:21 AM
#31542   Goforthebet. dr_airtime 11/06/14 10:50:46 AM
#31541   Nice one Checkmate. dr_airtime 11/06/14 10:41:00 AM
#31540   Another thing marking the bottom that I saw checkmate28 11/06/14 09:36:36 AM
#31539   where do you see the dollar topping range? thx goforthebet 11/06/14 06:57:46 AM
#31538   Should be different in 2014... dr_airtime 11/06/14 01:44:02 AM
#31537   Sorry Bobwins I had my head in the checkmate28 11/06/14 12:13:49 AM