Value Microcaps Junior Miners

[silver100]

RE small guys that haven’t really moved yet -

Quick back of the napkin notes, do your own DD to confirm…

AMC.TO is my latest focus

Market Cap 68M $0.21 325M shares out 420M FD

Got their $60M financing 6 weeks ago on favorable terms and gapped higher and have as of this week trickled back down to fill that gap.

Owns a producing mine in Canada and working on 2 others to grow to 150,000 annually next year targeting cost per ounce of C$577

Blue sky exploration potential

September 2010 Corporate Presentation – Denver Gold Forum
http://alexisminerals.com/docs/wp-content/uploads/2010/09/2010-09-Denver-full.pdf

Downsides –

Many more shares out than I typically like and Chairman Stan Bharti is not exactly known for keeping it low, but they got the big financing they needed. Their market cap is just way too low for their production profile for me to ignore. However I also won’t be surprised to see a few problems next year in an effort towards actually getting to 150,000/year.

I’m looking to buy more once funds clear.


My other focus is still now, and has been forever, TLR – TBR.V

$65M market cap $1.17 55.6M shares out, 71.8M FD shares

Producer next year at $450/oz cash cost through 50% carried-to-production interest in JV with SMD which should bring almost $30M per year in cash flow

Recent acquisition of Staccatto could well bring them towards 100,000+ ounces in next few years

Also drilling revenues from in house drilling divisions providing revenues next year around $20M

They just recently drilled 10ft of 7.88opt! 2.2 ft of 15.24 opt! Blue sky is certainly here too!

I already own way too many shares to be able to justify buying any more.

If anyone has any holes to poke in this analysis, please do! If I’m missing something I want to know about it!