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Spartex,
Thanks for clarifying on the Graphite board. What I'm going to say is more appropriate for this board.
I wasn't thinking about market cap compared to pps but rather quantity and value of resource relative to shares outstanding to come up with a meaningful share price (assuming that mining costs are similar for both companies). I know that's difficult to ascertain right now with the available information. But given NGC as a reasonable comparison, I thought I would give it a shot.
Something to consider is the quantity of our paper as compared to NGC (we have quite a bit more). However, the size of ENZR's property and potential resource (not to mention purity) is far greater. So I'm saying part of the reason for the difference in the amount of paper issued between the two companies was the purchase price of the properties. So far, it looks like hands down, Green Giant has far more value and yield potential with the purity and quantity of TWO strategic minerals instead of only the graphite that NGC has.
Understandably, the graphite and V205 at Green Giant will be worth what the market ultimately works out. Until the NI 43-101 compliant report is released for the graphite, our share price could understandably be lower than NGC for the time being. But if the NI 43-101 report indicates what everybody believes, I think we could be closer to mazeraticoupe's guesstimate than my own of $3-$4. The PEA should reveal a lot to us. Until then, it's just guessing and comparisons.
Thank you for clarifying.
Why do you say near $1? With V205 NI 43-101 compliant report AND if graphite is as jumbo, pure and extensive as ENZR says, then why not higher? If NGC is over $3, why would you value ENZR at 3 times less? Are you suggesting this because there isn't a NI 43-101 report on the graphite yet?
Long way to go to meet fair value.
And I see all of the other bold predictions. Nice.
Point made. Adios.
Does your estimate of $6 assume that the remaining 80% of the unexplored resource is proportionally equivalent to the the 20% of the defined resource? Are you also assuming that a higher P/E ratio will push the value of the stock above a direct comparison of dollar to resource?
ENZR has a lot of paper out there, and there will be more required (perhaps) to bring the project to production. In 12 months, I wonder how many more shares and outstanding paper will exist. $6 sounds nice, but who on the board thinks that's within reach? I would just like opinions. Mine is that it could go higher if there becomes a mania for graphite and /or battery grade vanadium similar to the lithium craze. But that's a special circumstance. What's realistic based upon resource and presumed dilution? If the mine is brought to production and 'synergies' with the adjacent Sakoa rail come to fruition, over $4 seems reasonable to me (depending on dilution). Just a guess based upon the numbers I've been reading here.
Regardless, $6 would be quite a delight. But a fair value compared to where we are now would also make me happy. This isn't a 30 cent company. (Uhhh...nor a 20 cent company as some would allude).
It was just a general statement reflecting the unknowns surrounding management's abilities. As far as I can tell, ENZR's management is largely untested. I don't think there's anything wrong with DRA and I think they'll probably do a good job (which would reflect well on ENZR's management).
ENZR isn't exactly a household name.
Too many people have been burned in the markets who especially don't want to risk on a small explorer.
Graphite and vanadium are not household terms (yet).
The PEA has not been released.
ENZR is the same as every other commodity...if the world doesn't start moving its markets again, they're going nowhere.
On the positive side: beat the crowd. Have more patience (than I have at times) and wait. If the PEA is good, I think the majors will show interest. But not until then. There is still way too much risk involved here even though we think there are large amounts of great resources on the Green Giant property. To that effect, the market is completely discounting all other properties owned.
I don't think this is a 30 cent stock. If management doesn't screw up, I think we'll eventually make a lot of money. But even a lousy management team can screw up a great resource find. We should find out soon if DRA was an intelligent decision.
Foolish or not, I added a bit recently. I wasn't all that careful or I would have added back at 20 cents. Although I share mazer's sentiment, and my gut tells me that we're headed down briefly, I think we will be pleased at a higher share price once the PEA is released. We've waited so long for this thing, it had better be pretty darn comprehensive.
I'm also still very curious about the synergies with the neighboring Sakoa coal mine. I'm somewhat surprised that we haven't heard anything more about a rail deal.
It would sure be nice to pass this 20-30 cent range for good. Companies with less resource value and less delineation of resource are trading higher than we are. I tell ya, we don't get no respect (pull your collars). If graphite and vanadium deliver with all of the hype, we will.
Who would enter a large short position against a penny stock? Seems like an awful lot of risk to me. And for that matter, who would care enough about this company to be shorting it in any significant amount? I don't get it.
Not that I trade this stock, particularly using technicals. But the momentum indicators sure turned around in a hurry.
Pinnacle Digest just had an article over the weekend about an upcoming graphite fad. I couldn't reproduce it here, but I'm sure you can find it.
Here I thought vanadium was the bomb. Now it's graphite.
I guess luck trumps brains...I hope...
The PEA is probably delayed because they are adding graphite into the analysis. As somebody else mentioned, it should improve project economics. I'm sure ENZR will give us a timeline when they have it.
True.
Don't get me wrong; I still think there is importance and potential in battery technology.
I'm still a frustrated long. I knew without the PEA being released that we would be headed right back to 20 cents. There was too much optimism after the trade show. The share price hasn't appreciated as I would have liked; but then I knew I bought much too early. I'm hoping that this year rewards (to some extent) the years of waiting. Never going back to the 30 cent range would be a nice start.
One heck of a summary and thanks for the education.
One of my larger concerns right now are the competing energy technologies that can cause a reduction in the value of ENZR's property. Trucking companies are slowly but surely converting their fleets to running on LNG-fueled engines. I don't know that automobiles will go that route, but I think the possibility must be entertained. If that becomes the case, then where does that place battery technology?
One can argue that hybrid batteries will still become an integral part of LNG vehicles, but will that be necessary? Hybrid batteries aren't particularly cheap. They require materials of limited abundance. And will those materials be easily recycled once used in a car battery? So would our transportation needs not be better served by cheaper batteries composed of more abundant materials?
Further, if natural gas becomes the preferred fuel source, and its abundance continues to keep it cheap, why will vanadium-redox batteries be in demand?
Philosophical questions, I know. But they could throw a wrench into our Machiavellian plans for worldwide battery resource domination.
And with all of that said...where's the frickin' PEA?!!!!!!!
Funny how "Nellie's" nickname has caught on here.
Notice that she only comes around after ENZR has generated interest in the markets. I guess she thinks that people come to this message board as a part of doing their DD.
Nellie wouldn't look so silly if she had been keeping up with the news releases over the last 3 months. There are other reasons not to like ENZR, but none that she has listed.
I'm unconvinced with her points and have remained long.
Like the action today. I thought for sure it was headed back down until the PEA release. Any ideas? Newsletter recommendation?
Haven't studied it, but seems like a good news release. Share price is already walking back down after the morning spike. They need to release the PEA.
Uh-oh. Volume and price just spiked and no news that I've seen yet. Somebody caught news of something...
Or they forgot to make a limit order! :)
Where is that PEA?
I'm the one who said the PEA should be out at the end of December. That was based upon my phone conversation with Brent in late October or early November.
At this point, I hope they at least wait until tax loss selling is complete. I looks like they will.
I'm the one who said the PEA should be out at the end of December. That was based upon my phone conversation with Brent in late October or early November.
At this point, I hope they at least wait until tax loss selling is complete. I looks like they will.
Who is buying?
At least the BOD was unable to reprice options. To bad they added 5M more...
Yeah...I don't think it was the Bollinger bands that just got pinched.
Bend over, gentlemen.
http://www.canadianinsider.com/node/7?ticker=EGZ
Seems like a useful site.
McKinnon talks more of exploration than production. No mention of gold in the resources. So are we just going to explore and try to make a quick buck on a buyout? Great! I see tons of money flowing in for management...how about shareholders?
This is a lousy and uninformative news release.
Energizer told me it would be at the end of December. I don't know if it will be before or after Christmas. Of course, that assumes that there aren't any other delays.
BB's are squeezed tighter than they have been in over a year; and we're at the lower band. Historically (at least for the last couple of years), we get a big move up after hitting the lower BB when they're pinched this tight. I don't know how much the global concerns will impact us this time around. But assuming the PEA news isn't delayed, I hope we'll be getting a good boost soon. IMHO.
I agree. That's how I'm voting.
New article:
http://vanadiuminvestingnews.com/2244/evraz-vanadium-demand-steel-evr/?utm_source=Resource+Investing+News&utm_campaign=fd5dc994fb-RSS_EMAIL_CAMPAIGN&utm_medium=email
Interesting in that they don't see vanadium use in energy as increasing demand. But that could also be largely political coming from Russia. They have other sources of energy commodities that they would rather see themselves selling at higher prices.
Most of the vanadium/energy optimism is in the west, which is also political. Going to be interesting.
It's good that they're increasing both resource and resources. It makes the project that much more likely to get the funding it needs to make it to production.
I am looking forward to the PEA. However, I can't get too excited until a lot of risk is removed from this speculation; meaning, I would like to see much more progress on the infrastructure front. How do things currently look regarding site access and power transmission? We haven't had any updates in a while.
I'm sure they have that in mind in parallel with the PEA. I'm really looking forward to it.
Today was a day to tick somebody off. Dow up ~500 points and we're down ~5%. We're languishing...and flirting with 2+ year lows.
Well what was beginning to look like a promising chart that might give us a boost for the end of the year sure went to hell in a hand basket quickly enough. There's decent volume on this move down, too. Tax loss selling? Economy fears? MM messing around again before news expected late December?
You know what they say:
The cure for high prices is high prices.
The cure for low prices is low prices.
Now somebody tell my stock! :)
NG sounds like a pain in the rear end (no pun intended).
The hybrid battery for mine generally kicks in below 25 mph and then the car runs in 'stealth' mode. I can't hear anything. I don't need to worry about responsiveness at those speeds. If I need the power, the car switches smoothly over to gas and I get the punch I need. The Camry is typically getting 39.8 mpg over the last 15,000 miles. So that's a good distance over which to get an average.
One thing with hybrids, if you aren't careful, you can accidentally leave the car on if you exit. There's no sound when it's sitting there.
Thanks for that reply!
I've wondered about nat gas cars and now I know. It is pricey and personally, I don't know where I'd fill up if not at home (although I've not looked for it). I agree with your nervousness. I don't know that I've been next to a nat gas car, but forklifts and other machinery makes me really nervous. I don't even like the propane tank for the grill! :)
I bought 2 hybrids last year. Both were loaner cars at the dealership. Both had a few thousand miles on them. Because they were used, I got them both for less than I would have paid for brand new gas cars. I essentially get all of the gas savings for free. So far, both cars have been trouble-free and running great. I don't think I would have bought them new because hybrids are more expensive, but I haven't a single complaint with my cars. Actually, quite the opposite.
The point is that hybrid vehicle costs will come down and battery use will become more widespread (in my opinion).
I tend to think natural gas is going to have its day for the next 50 years or so. If I'm not mistaken, natural gas turbines are being built en masse in anticipation of the boom. That's a telling sign.
Still, natural gas is a fuel. Consumption of it would decrease with better car batteries. ;)
It will be interesting. I'm sure there are large natural gas reserves around the world. The US isn't the only place. Regions that may have to spend a lot to import natural gas may still benefit from the VRB.
The whole energy sector is really tough to sift through and sort out. I don't think there will be a clear 'winner' in this sector. That's why I'm glad our vanadium pentoxide can be converted to ferro vanadium if it must. It's a good backstop for our investment if the 'green' angle doesn't pan out. I'm beginning to think green demand will be there (and certainly increase the need for V), but it will be a big yawn.
Solar stinks and wind isn't all that hot, either. I expect car batteries to do well for us so long as vanadium remains an ingredient.
It will be interesting to see how the forthcoming natural gas boom in the US plays with green energy and battery technology. My sense is that natural gas might curb VRB potential (at least in the US). What seems unknown at this time is if cars will change over to natural gas. It costs in the range of $1,300 to make the change now. But that doesn't necessarily mean that hybrid batteries won't still boom.
That's an awful lot of stuff that needs to happen.
We may get a pop in December like we did last year. But my opinion is that we're not going anywhere major for a couple of years. We need the upswing in the vanadium cycle to get underway as well as some of these other technologies to come on line. And then, I think we'll be sitting very pretty. In the meantime, we have to hope the company can remain solvent for a couple of years. They have plenty of cash for now, but it goes fast.
I'm preparing myself for a continued haul. Prices near 20 cents are attractive. After it hits 60 cents or so in December, I'll probably start buying again later next year in the 20's. They'll have to be nearing production before anything big happens. Unless, of course, something unusual happens. Just my 2 cents.
New article: vanadium demand in India. They also mention vanadium use with lithium-ion batteries for electric cars.
http://vanadiuminvestingnews.com/2101/indias-expanding-steel-growth-to-lead-to-surge-in-vanadium-demand/?utm_source=Resource+Investing+News&utm_campaign=db43dfd0f3-RSS_EMAIL_CAMPAIGN&utm_medium=email