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Last Post: 4/19/2018 9:11:48 AM - Followers: 413 - Board type: Free - Posts Today: 1

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:


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#34205   COMEX Exchanges For Physical-Craig Hemke (17/04/2018) basserdan 04/19/18 09:11:48 AM
#34204   Useful resource for silver investors Lone Clone 04/18/18 10:10:13 AM
#34203   Thanks for quoting that. I thought for CPTMatt 04/17/18 01:28:32 PM
#34202   CPTMatt Reading your post. "They issue a checkmate28 04/17/18 01:20:11 PM
#34201   Americas Silver Corporation Provides First Quarter Production and checkmate28 04/17/18 09:12:43 AM
#34200   GWA Updated since I hit send early CPTMatt checkmate28 04/16/18 01:47:04 PM
#34199   Yes but why wouldn't they have contingencies in CPTMatt 04/16/18 01:18:26 PM
#34198   GWA First operationally on site, things were checkmate28 04/16/18 01:10:11 PM
#34197   I've been poking around and here is what Lone Clone 04/16/18 12:35:09 PM
#34196   The credit for the TK call really goes Lone Clone 04/16/18 12:22:05 PM
#34195   Their forward gold financing comes into question. CPTMatt 04/16/18 11:21:39 AM
#34194   This is so f ucking ridiculous that I Traderfan 04/16/18 11:03:01 AM
#34193   I don't know the answer to any of that. CPTMatt 04/16/18 10:54:06 AM
#34192   ORE SORTING twtybrd 04/16/18 10:51:14 AM
#34191   What is worse is that they had to CPTMatt 04/16/18 09:31:58 AM
#34190   GWA Terrible news! Explains some of the CPTMatt 04/16/18 09:29:55 AM
#34189   GWA Not good news here. I think the checkmate28 04/16/18 08:48:32 AM
#34188   GOWEST PROVIDES UPDATE ON BRADSHAW DEVELOPMENT checkmate28 04/16/18 08:41:47 AM
#34187   REG.V more results Lone Clone thoughts? dr_airtime 04/15/18 11:47:20 PM
#34185   KOOTENAY SILVER INTERCEPTS 437.08 GPT SILVER OVER 10 basserdan 04/13/18 12:21:06 PM
#34184   TK - You nailed it LC. Nice CPTMatt 04/13/18 09:36:35 AM
#34183   NM.v/NOEEE -.12 to C$1.46 Bobwins 04/12/18 10:33:32 AM
#34182   We shall see. In spite of the best Lone Clone 04/11/18 12:07:55 PM
#34181   $1,400/oz gold here we come! CPTMatt 04/11/18 11:14:51 AM
#34180   EXN.T: What were your thoughts regarding the most CPTMatt 04/11/18 10:20:41 AM
#34179   Trader Re GWA. The mill deal, ore processed checkmate28 04/11/18 09:58:30 AM
#34178   GWA, Checkmate Traderfan 04/10/18 02:17:05 PM
#34177   NM.v/NOEEE +.06 to C$1.50 Bobwins 04/09/18 11:28:07 AM
#34176   Trader Re GWA I feel just like you. checkmate28 04/08/18 05:26:24 PM
#34175   Well I will be positively surprised if there Traderfan 04/07/18 02:01:09 PM
#34174   GWA/GWSAF - I heard back from GWA IR CPTMatt 04/06/18 10:38:00 AM
#34173   Bob Moriarty of 321 Gold discusses Guyana Goldstrike dj4321 04/05/18 09:49:54 AM
#34172   Me too; Tinka have always been better geologists Lone Clone 04/04/18 04:47:47 PM
#34171   OT: Why are you posting about medical marijuana Lone Clone 04/04/18 04:42:15 PM
#34170   TK.V - Tinka financing. Nearly 17mil shares CPTMatt 04/04/18 09:29:26 AM
#34169   $MJNA Medical Marijuana, Inc. Web Address: MazelTov 04/03/18 03:21:01 PM
#34168   Cook interviews REG. Definitely worth the time. Lone Clone 04/03/18 02:31:40 PM
#34167   GWA/GWASF - I e-mailed IR last week asking CPTMatt 04/02/18 04:04:26 PM
#34166   Silver industry trends could lead to higher prices basserdan 04/02/18 08:54:18 AM
#34165   GWA - So if you're correct we should CPTMatt 03/29/18 03:31:52 PM
#34164   NYSE $LMK (FORMALLY NQ) Stock Establishment of Integration MazelTov 03/27/18 12:34:24 PM
#34163   KNDI BIG GREEN CANDLES ON THE CHART $KNDI/b] MazelTov 03/27/18 12:29:39 PM
#34162   Thanks Lone dj4321 03/27/18 05:55:30 AM
#34161   Bullish on Silver? Bullish on Silver Bull basserdan 03/26/18 02:09:24 PM
#34160   So Rob McEwen is predicting gold will hit Lone Clone 03/26/18 11:38:36 AM
#34159   “Gold Price Could Hit $1,800 This Year” dj4321 03/26/18 12:45:45 AM
#34157   MND.TO - Q1-2019 restart... dr_airtime 03/22/18 12:14:33 PM
#34156   $KNDI ShortSQUEEEEEEEZE MazelTov 03/21/18 01:36:25 PM
#34155   $GEVO GEVO: The Changing Government Landscape and MazelTov 03/21/18 01:35:28 PM