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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.
@PamplonaTraderWaterton Global just paid US$22.5m for 50% of the giant (but pitiful grade) Dumont nickel-cobalt deposit, implying a value of US$45m. Canada's RNX and Waterton are injecting another US$35m into the JV to make acquisitions. Together, the cash and implied value of Dumont should give the JV a market cap of ~US$80m. This versus ARL's fully diluted enterprise value of just US$30m. #nickel#cobalt
@Brandon@PamplonaTrader: the deal with Hudbay for TJ was done, at least on a handshake basis, in 2015. You're hearing about it just now because it was never going to be public until we were nearing our IPO. I think the Zn market was very different when we initially engaged them and I also think that they simply did not want a Zn asset that wasn't going to feed their plant in Flin Flon.
@PamplonaTrader@CriticalInvestor, hmmm. They don't seem to be opposed to royalty deals. Red Kite also likes making big royalty deals on earlier stage projects but not streaming deals which tend to be closer to production when the economics of a project are better understood. Maybe mine operators don't view zinc as a by-product and more as a co-product and reluctant to sell a stream.
@PamplonaTraderAfter thinking on earlier points made about commodity trading firms being more interested in the metal... RedKite has done some big royalty deals but most of these royalties are not payable in-kind. So why not do streams instead?
@Brandon@PamplonaTrader: my feeling is that streaming deals aren't going to be so popular in a bull market and given I'd argue we're in the early stages of a zinc bull market it could be that Glencore couldn't get a zinc stream deal at a price that made sense.
@PamplonaTrader@benduck don't think it's that either. True, most commodities getting rocked but TK has been holding up well off strong results in a supportive zinc environment. The real reason we are seeing a mini-correction is because warrants are deep in the money *and* 4 month lock up on shs expired last week. It didn't matter last week because most were anticipating a steady news flow and the buyers were stepping up... now that the market is wise to the fact that progress/results are being slowed due to the flooding in Peru, the fickle are selling and bulls are more cautious.
@PamplonaTraderThat makes sense @Brandon. But why haven't these trading houses done streaming deals in weak markets? Using RedKite as an example again, in recent years they were very actively acquiring royalties and negotiating offtakes but weren't doing any streaming deals.
@PamplonaTraderSold the shs I bought in the $4s when the resource came under my expectations. Tax losses to harvest against the tiny gains I've made on NXE since buying in the $0.30s. I get to buy again early April.
@B1984@PamplonaTrader I'm wondering if you could share why you think the RE2 came under your expectation? Is it a reflection on the amount of uranium at arrow ? Or was it more what they decided to include in it and the RPA assumptions? Or was it miscalculations? I'm trying to figure out why so many ppl including myself came out too high...although I was just guessing haha
@MiningBookGuyHi @NickZed, RE: https://ceo.ca/@miningbookguy?2be84e4cd315 -So immediately besides $MOD.AX, you can look at $MTR.L. Both up 10%+ today on no news (which is interesting), but many believe $MTR.L playing 'catch-up' with $MOD.AX right now. good links to analysis in both of those rooms.
There was a great post by @PamplonaTrader on various #copper juniors he likes, make sure to see that here: https://ceo.ca/@pamplonatrader?d3cd926ca4eb
I am researching many of these right now. If I had to choose from that list, $CDB interests me the most, and an interesting comparison to $MOD.AX / $MTR.L in terms of where they are in the discovery cycle, market cap, etc. $CDB could definitely pop further on great drill results.
And then one more that is finally getting some attention and I own a lot of: $MUN is still really small, and there are multiple copper/gold opportunities here. Even with the attention, it's VERY cheap if they discover something 'big', and they have already shown excellent progress in the last few months.
@PamplonaTraderIn my view, $TK's Ayawilca, $KAR's Aripuana and $SLR's Bongara are three of the best emerging #zinc deposits in South America and Milpo already controls 70% of Aripuana and Bongara. Milpo, Volcan and others could all make a play for $TK.
@PamplonaTrader@internalaudit I think it's pretty obvious that $TK is (by far) my favorite #zinc play. Ticks all the boxes - blue sky exploration potential, cashed up, location, etc etc. I feel $KAR is sitting on the best deposit as currently defined but they are broke and do not control Aripuana. Bongara is least advanced and in a challenging location, though $SLR / $XPL is cheap given their EV and other assets. #zinc
@tommyI had a modest idea over coffee this morning. No expectations, no disappointments. Thanks for considering!
CEO.CA is growing our web dev team and adding new data services to the site. To pay for it I am working to generate some new revenue. We're getting closer with a few potential sponsors. I found an unconventional story with a very successful backer and a historic zinc lead project, with a lot more to it. I was wondering if I could ask you guys for feedback on it? Non sugarcoated. A quick 15-20 min desktop review by the likes of @ocotilloredux@drilltracker@hra-coffin@robmcleod@pamplonatrader@benjamincox@Brandon@90bigpicture@tim_oliver@criticalinvestor@thegalvanizer etc would be super valuable for our readers, and me, to understand concerns and better gauge the potential. I would write a brief with links to presentations reports etc for you to scan. I'd also commit to donating $1000 in the ~zinc panel's name to a Canadian kids charity of your choice (thinking Boys and Girls Clubs or Breakfast Club of Canada) if a few of you (the more the better) share a few comments or concerns. Just your initial take. I don't mean to presume your opinions are worth $1000 combined. That's obviously too low. But maybe it could be the start of something valuable? No pressure at all. Please let me know your thoughts.
Have a great weekend!
@MarkITorpedoI am a shareholder of TKRFF and have posted only a few times over at S(hit)House which is a cesspool
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@MarkITorpedoThis forum is an excellent group of cheerleaders all talking up the stock and patting each other on the back so more power to us all....
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@PamplonaTraderRick Rule calls Australian cobalt plays (with scale) an interesting compromise for investors who want to avoid political risky DRC cobalt and "lousy" Canadian cobalt plays. That leaves $CLQ.AX's Syerston and $ARL.AX's KNP. $CLQ.AX's is receiving ~4.5x the valuation of $ARL.AX on a fully diluted EV/lb CoEq basis. The relative undervaluation is more extreme when considering the re-characterization upside at Kalpini and other deposits not (yet) included in the higher grade Cobalt Zones. https://www.youtube.com/watch?v=dlUfA_VNQrg+#cobalt