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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Fischlaender@PamplonaTrader Gold up because of protests? I would say gold up because everybody who still had some hopes that this wanna-be Putin/Erdogan/Assad would calm down once in office is now sobered. That inauguration speech could have been written by Adolf, Benito, Josef or any other great dictator(maniac) of the past...
@poolmanLOL, The White House website's page on climate change just disappeared
click to invite
@Fischlaender@poolman "In the section of the updated website dedicated to issues, the Trump team has highlighted six topics, including "America First Energy Policy." The policy page touts Trump's plan to tap oil and gas reserves and to revive the coal industry, but does not mention renewable energy.
"For too long, we've been held back by burdensome regulations on our energy industry. President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the U.S. rule," the page says.
@PamplonaTrader$TK I did a lazy comparison to other deposits. The closest analog I've found (in terms of grade and tonnage) is Rathdowney's Olza Zn+Pb deposit in Poland (18.8Mt @ 7.8% ZnEq for Olza using 3% cut-off vs. 18.8Mt @ 6.3% ZnEq at Ayawilca).
Per the Olza PEA, on-site costs are projected to be US$47/t vs. Doug Beattie's estimate of $35-$40/t (https://www.docdroid.net/IYhDszm/module-7-zinc-mining-in-peru-rev-0.pdf.html).
You can see in the sensitivity table below that if OpEx were to drop 20%-25%, NPV8 rises to around US$250-300mln. Alternatively, if metal prices rise 20% (PEA assumes US$1 Zn and US$0.95 Pb) then NPV8 can exceed US$300mln. Given that OpEx is very likely to be lower in Peru and given robust Zn prices, I am comfortable with a low NPV of US$300mln. At their current FD EV of US$47.8mln, they are trading at just 16% of this hypothetical NPV.
Tinka has been discovering 1 lb of ZnEq for every $0.005 spent on exploration. With roughly $13mln in cash, they can add over 2bln lbs of ZnEq over the next 12 months.
Lots of blue sky potential here. #Zinc
@PamplonaTrader$TK is kicking off the drill season by stepping out from the high-grade vertical chimney at West Ayawilca where grades average ~8.8% ZnEq. Expanding the high grade resource would obviously be great for the deposit's economics. #zinc
@PamplonaTrader@Excelsior Michael Langford @ML_SuperNinja has been trying to get me to look at $MIN.AX I haven't done enough DD on it yet but he says the Wodgina Tantalum-Lithium project is a world-beater. From what I can tell, $MIN.AX is a very well-run company with a smart business plan... their core business is mining services but they have also been very opportunistic in acquiring equity in strong lithium projects. $MIN.AX probably Ken Brinsden's arch nemesis, having dragged both $AGO.AX and $PLS.AX into legal battles over lithium rights. $MIN.AX owns 8% of $PLS.AX via a settlement in October. #lithium
@Excelsior@PamplonaTrader - Thanks for that additional info on $MIN.AX - I'm a shareholder of $NMT.AX because while they only hold 13.8% of Mount Marion project with $MIN.AX and Ganfeng , they also have 70% of the ownership of the downstream Eli Process at the Kalgoorlie #Lithium Refinery and $MIN.AX only has 30% of that. In addtion, they have their Barrambie #Titanium Project as a kicker.
@PamplonaTrader@Excelsior also with regard to producers, I tend to stay away from minority owners because it limits their takeover potential... though I will sometimes make exceptions for world-class projects e.g. Hot Maden, Cukaru Peki, etc