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Last Post: 10/28/2016 11:52:36 AM - Followers: 418 - Board type: Free - Posts Today: 4

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:


#32821 +.13 to C$3.22 Bobwins 10/28/16 11:52:35 AM
#32820   USA.TO - also look at SCZ.V Santa Cruz dr_airtime 10/28/16 11:42:00 AM
#32819   USA.TO - Scorpio more of a merger... dr_airtime 10/28/16 11:37:53 AM
#32818   MOGLF qualifies IMO. People here are interested CPTMatt 10/28/16 08:57:08 AM
#32817   More ORBITE dilution ... kozuh 10/27/16 11:14:19 PM
#32816   (edit)keep your eyes on Mongolia.....and MOGLF.eom OMOLIVES 10/27/16 10:02:43 PM
#32815   Re USA I think they just want the checkmate28 10/27/16 08:20:09 PM
#32814   checkmate28: USA.TO They have other things bbotcs 10/27/16 05:21:58 PM
#32813   bbotcs USA.T LOL IR was a checkmate28 10/27/16 04:04:15 PM
#32812   checkmate28: Best of luck. You'll do bbotcs 10/26/16 11:53:41 PM
#32811   USA.TO - yup agree with all of that. dr_airtime 10/26/16 06:53:09 PM
#32810   BBotcs no problem, was just trying to gather checkmate28 10/26/16 02:29:18 PM
#32809   checkmate28: Thank you for the bbotcs 10/26/16 02:07:49 PM
#32808   BBOTCS AMERICAS Silver Starting to take checkmate28 10/26/16 01:47:09 PM
#32807   Zinc is on fire last two days +.05 dr_airtime 10/25/16 07:24:59 PM
#32806   checkmate28: Not liking the idea bbotcs 10/25/16 05:20:49 PM
#32805   USA Q3 production numbers out. As I suspected checkmate28 10/24/16 06:50:39 PM
#32804   EXN.V Thanks Checkmate for your reply. rrten 10/24/16 01:19:38 PM
#32803   RRTEN RE EXN Excellon. You asked checkmate28 10/24/16 12:47:25 PM
#32802   PRU.T checkmate28. I bought it this year, however rrten 10/24/16 12:35:58 PM
#32801   PRU.T Perseus Mining + 7% I think this checkmate28 10/24/16 12:09:08 PM
#32800   As to that, I can say that they checkmate28 10/24/16 11:51:18 AM
#32799   NAK up 13%, can't find any news? steelpiston71 10/24/16 11:17:55 AM
#32798   GWA - In your discussions with the company CPTMatt 10/24/16 09:50:09 AM
#32797   GSS +.0146 to .833 Golden Star Bobwins 10/22/16 02:46:30 PM
#32796   HL -.06 to $5.91 I Bobwins 10/22/16 02:04:36 PM
#32795 +.01 to A$.36 Bobwins 10/22/16 01:12:32 PM
#32794   Zinc is startin to really heat up, much Lone Clone 10/21/16 07:21:55 PM
#32793   USA.t ASM - ASM.V I traded checkmate28 10/21/16 11:58:21 AM
#32792   Your welcome Edge watch for high grade silver dj4321 10/20/16 10:49:38 AM
#32791 +.007 to A$.762 Bobwins 10/19/16 09:02:22 PM
#32790   I'm not sure, I haven't done any deep Edge83 10/19/16 07:26:38 PM
#32789   What is the history of share count on huesos 10/19/16 07:08:46 PM
#32788   Silver Spruce Resources // SSEBF // also SSE Edge83 10/19/16 05:49:09 PM
#32787   $SEK.V - Secova Metals to Drill Duvay Gold dj4321 10/18/16 09:09:18 AM
#32786 +.025 to A$.735 Blackham Bobwins 10/18/16 02:53:49 AM
#32785 +.02 to C$.32 Bobwins 10/17/16 01:43:14 PM
#32784   Zinc - this week important. Here's why.... dr_airtime 10/17/16 12:17:29 PM
#32783   $AMRS Basic Materials myopinion 10/17/16 08:13:45 AM
#32782   dilution = de-valuation (eom) kozuh 10/16/16 06:10:32 AM
#32781   Latest Andy Home article on zinc Lone Clone 10/15/16 06:08:55 PM
#32780   RE: AUE.T took a hit today on daredguy 10/14/16 12:07:49 PM
#32779   Evolving Gold Conducting Fieldwork on the Toro and basserdan 10/13/16 11:23:42 AM
#32778   GORO Intercepts Additional High Grade Including 12.19 Meters CPTMatt 10/13/16 09:28:32 AM
#32777   Lithium boom losing steam as prices drift lower Lone Clone 10/12/16 07:50:51 PM
#32776   HER.TO - local news article. dr_airtime 10/12/16 06:16:14 PM
#32775   GORO News I added a large chunk checkmate28 10/12/16 08:56:27 AM
#32774   VTT.V - Two huge Directors added to Board. dr_airtime 10/11/16 02:54:20 PM
#32773   CGE.V - Alamos PP to 19.99% dr_airtime 10/11/16 09:54:56 AM
#32772   Clearly I was wrong on gold and silver CPTMatt 10/11/16 07:40:35 AM