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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.
@LucTenHave@tRAn i understand you mean 1.1 billion pound NPV. But why do you think that makes sense. They only have a 6 million tonnes resource or so. Im do follow Anglesey but not interested to take a position.
@LucTenHaveThere is from my point of view a minimum of 50% upside if the deal closes. The current share price just reflects the Dalradian shares we get. The rest is for free. The rest means the "spin out" of Buchans Minerals that will be listed on the TSX-V soon. Buchans will hold $5 million worth of Dalradian shares, $2 million cash, $1.5 million Xtierra shares, one big zinc project (NPV >200 million close to Adventus Zinc), and one big Manganese project (NPV 800 million close to Manganese X). Even if Buchans will only be valued at cash+shares levels ($8.5 million), you make 50% from these levels. So it is really a bet on a closed deal.
@LucTenHaveOf course opposition is a risk. But Dalradian is not going to sit and wait until things settle down. They have a project to advance and this royalty transaction is showing again that they want to progress this project. They will do the planning Application and also continue to improve the resource (M&I) and potentially even the grade
@LucTenHaveSimon Ridgway's Volcanic Gold Mines $VG had an impressive run already. Some interesting gold properties in Guinea. Nortec $NVT also recently became involved in Guinea. Looking forward to see some majors get involved as well.
@LucTenHaveSummary Brionor Resources $BNR:
- projects total 103,000 hectares in the province of Santa Cruz, Argentina
- team/board: Lew Lawrick ( $SIR$ANX ), Michael Byron ( $NHK ), Paul Robinson ( $REN ), Denis Hall ( Minera Andes before it became $MUX ), Robert Ayotte ( $MQR )
- 14,447,000 shares of Northern Superior $SUP (worth ~C$ 0.8 million)
- 1,830,000 shares of First Mining Finance $FF (worth ~C$ 1.6 million)
- C$ 1 million cash post PP
- market cap C$ 3.4 million post PP
@LucTenHaveEndeavour Silver Reports Initial NI 43-101 Mineral Resource Estimate and Preliminary Economic Assessment for El Compas Mine, Zacatecas, Mexico
Bradford Cooke, CEO of Endeavour Silver, commented, "We look forward to developing El Compas into our fourth mine. The mine should generate robust economic returns at current metal prices because the two known mineralized zones (El Compas and El Orito) are relatively shallow and high grade. The operation is very scalable if we discover or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to double the plant capacity to 500 tonnes per day (tpd). With the low capital investment of US$10 million funded by existing cash, and the short timeline of only six months to initial production once we receive the explosives permit and tax clarity, the El Compas mine has the near-term potential to become a healthy contributor to our consolidated cash flow." $EDV
@LucTenHave$XAG Potentially interesting: The operation is very scalable if we discover or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to double the plant capacity to 500 tonnes per day (tpd).
@MiningBookGuy@LucTenHave - I think you meant $EXK$EDR for 'Endeavour Silver', NOT $EDV for 'Endeavour Mining'.
Just wanted to clarify for those following your interesting posts relating $XAG$MIO.L$EXK$EVR, so that people aren't confused. These companies don't help themselves with easy-to-confuse names and tickers!
@EvenPrimeI wish everyone best of luck this week in their stocks for the #StockPickingContest, because this Friday, March 31st, I will be tabulating the results for the first quarter and writing an article. Wouldn't you feel awesome if your name is in first place ;p good luck beating out @LucTenHave and @rjunior hehe
@drezinho$RYE$CTGO@lucTenHave Interesting area play in the making. I like that the staking is on the back of newly released survey data. The projects are 40 km apart and RYE has some decent initial results.
click to invite
@LucTenHaveAmonymous is starting some trading $rye. 24 cents the day after the PP. Will they be able to bring some liquidity in this stock?