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Last Post: 5/26/2017 5:17:13 PM - Followers: 419 - Board type: Free - Posts Today: 0

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:


#33469   Guy ORV.v High Fives for having your position checkmate28 05/26/17 05:17:13 PM
#33468   From what I'm reading there are huge huge checkmate28 05/26/17 04:58:17 PM
#33467 - Finally breaking out today on big Guy 05/26/17 03:40:53 PM
#33466   That technology is pretty exciting. The application CPTMatt 05/26/17 02:57:04 PM
#33465   When I was at the PDAC booth, Coincidentally checkmate28 05/26/17 01:00:04 PM
#33464   GWA Checkmate Ore Sorting... dr_airtime 05/26/17 12:40:04 PM
#33463   Re GWA I think they will be to checkmate28 05/26/17 10:52:26 AM
#33462   GWA - Any thoughts on when the bulk CPTMatt 05/26/17 10:32:02 AM
#33461   rrten GWA Whitney. My take on that property checkmate28 05/26/17 12:09:29 AM
#33460   GWA - C'mon man. It is only CPTMatt 05/25/17 05:30:08 PM
#33459   GWA checkmate, do you think that some of rrten 05/25/17 01:33:01 PM
#33458   Trader GWA I hear you. Greed and fear! checkmate28 05/25/17 12:24:40 PM
#33457   GWA good news it seems but I have Traderfan 05/25/17 12:01:32 PM
#33456   Gowest Gold at $50M Market Cap represents a checkmate28 05/25/17 11:59:15 AM
#33455   Gowest Gold Begins Underground Drive ** LOL on checkmate28 05/25/17 10:36:10 AM
#33454   $GYA.V – New Gold Producer Launches Corporate Website, dj4321 05/25/17 10:06:26 AM
#33453   Bob, problem solved. kozuh 05/24/17 05:59:00 PM
#33452   Bob, what about VICTORY NICKEL ? kozuh 05/24/17 03:45:33 PM
#33451   GYA.V - Guyana Goldstrike Appoints Rodney Stevens To dj4321 05/23/17 10:13:48 AM
#33450   I think it's a combination of a couple beigledog 05/21/17 10:27:47 AM
#33449   Beigledog - Grupo Mexico dr_airtime 05/21/17 10:08:08 AM
#33448   Grupo Mexico (GMEXICOB- MX or GMBXF). I beigledog 05/20/17 11:07:35 AM
#33447   Also see this re Tinka, a must read IMO Lone Clone 05/19/17 04:59:53 PM
#33446   Thanks for your response, re: GWA kozuh 05/19/17 12:28:09 PM
#33445   Edge, for sure! I dont think there checkmate28 05/19/17 11:21:38 AM
#33444   Kozuh GWA, plus update. Your right, we got checkmate28 05/19/17 11:17:07 AM
#33443   0.19 is a great price, they must know Edge83 05/19/17 11:16:20 AM
#33442   That is a decent summary, albeit much of Lone Clone 05/18/17 08:22:49 PM
#33441   But that's 10.4 million new shares kozuh 05/18/17 06:40:55 PM
#33440   Gowest Closes Private Placement checkmate28 05/18/17 03:38:44 PM
#33439   TK.V Great Summary + Key Zinc Research dr_airtime 05/18/17 11:53:46 AM
#33438   checkmate28: Okay. I get it. bbotcs 05/18/17 11:52:37 AM
#33437   Please refrain from posting non informational posts here. checkmate28 05/18/17 11:48:14 AM
#33436   $ALZ.V $ALZTF - Aldershot Resources New Gold Discovery dj4321 05/18/17 10:22:11 AM
#33435   I second that. NXXGF is just getting started. ListenToMe 05/17/17 09:40:07 AM
#33434   $NXS.V $NXXGF- Nexus Gold Completes Drilling at Niangouela, dj4321 05/17/17 09:17:38 AM
#33433   NXXGF... I second that! ListenToMe 05/16/17 06:11:54 PM
#33432   NXXGF is the #1 small cap gold play! ListenToMe 05/16/17 06:10:48 PM
#33431   NCA.T Newcastle Gold - anyone taken a look? dr_airtime 05/16/17 11:30:21 AM
#33430   KOOTENAY SILVER COMMENCES 7,500 METER DRILL PROGRAM AT basserdan 05/15/17 02:49:13 PM
#33429   Pick 3 Contest #6 Deadline Less Than 5 SSKILLZ1 05/12/17 11:08:04 AM
#33428   $NXS.V $NXXGF News Phase Two Diamond Drill Program dj4321 05/11/17 10:50:19 AM
#33427   I like GWA, I've been sitting on the Edge83 05/11/17 12:10:43 AM
#33426   When does GWA start to ... kozuh 05/10/17 11:55:39 PM
#33425   HER.TO - see this: dr_airtime 05/10/17 07:46:04 PM
#33424   OT: Solved part of it. I had to Lone Clone 05/10/17 06:34:11 PM
#33423   For some reason I just get a blank Lone Clone 05/10/17 06:01:37 PM
#33422   HER.TO - I could be misremembering but wasn't CPTMatt 05/10/17 03:53:03 PM
#33421   Zinc sweepstakes - reminder on HER.TO/HER.AX dr_airtime 05/10/17 03:24:15 PM
#33420   I have 3 Yahoo web-sites kozuh 05/10/17 01:52:23 PM