$COPPER 0 online
Members of #copper
Moderators
Members
click to invite
@0Kib $NZC.AX now has A$10m cash on B/S and no debt after latest capital raise that was oversubscribed. US$43m EV vs. US$4 billion insitu v high grade #cobalt and #copper resource with significant unexplored tracts of land next to $IVN Kukola/Kamoa. Less than 9% shares floating now, rest all cornered out of 230m shares outstanding
1
from #nzc.ax,
click to invite
@BlueShare Articles out today from both $MOD.AX and $MTR.L both making it crystal clear the focus is not the #Copper #Botswana project
0
from #mtr.l,
click to invite
@BlueShare Corrected post Articles out today from both $MOD.AX and $MTR.L both making it crystal clear the focus is on the #Copper #Botswana project
0
from #mod.ax,
click to invite
@MiningBookGuy $MOD.AX MOD Raises $14.6M AUD in Oversubscribed Share Placement http://www.asx.com.au/asxpdf/20170317/pdf/43gw6xtbjrfw5f.pdf #copper #Botswana #financing #index -Placement was heavily oversubscribed -A range of quality institutional investors join MOD's share register -$0.062 AUD/share before costs. Approx. 2.2% discount to 15-day VWAP. "Funds rise from the Placement will primarily be used towards a substantial CY17 #exploration program, which aims to extend the T3 open pit to the east and west and at depth, the T3 dome, and to test other targets in the T3 area and regionally." #DrillPlays #DistrictPlays A bit vague. But I'm sure many new people have been paying attention, would be nice to get some of the names in the near future. Expecting plenty of exciting drilling from $MOD.AX / $MTR.L !
0
from ~aufrica,
click to invite
@0Kib http://cdn.ceo.ca/1ccma7c-IMG_4770.JPG+ $NZC.AX 2015 scoping study....IRR of 81% at $2.7/lb #copper
0
from #nzc.ax,
click to invite
@0Kib Map showing $NZC #Kalongwe relative to $IVN #Kukula and #Kamoa #cobalt #copper #drc http://cdn.ceo.ca/1ccmm6p-Screen%20Shot%202017-03-03%20at%2012.02.12%20PM.png+ $IVN building significant infrastrucure there to support their mines, some of which (road, power etc) may well be shared with $NZC given friendly relations (a 2015 transaction), and thus materially lower Capex for $NZC
1
from #nzc.ax,
click to invite
@freeheel Good news for $ARS.L I think. S&P upgrade will boost local growth, and much of the #copper production is expected to be used domestically within Indonesia. "Indonesia is Asia's big winner this Friday. Stocks at record-highs. Goldman expects more inflows into the country on a likely S&P upgrade" https://twitter.com/davidinglestv/status/842597626604273664
2
from #ars.l,
click to invite
@MiningBookGuy @BenjaminCox - yes, @Gianni's books is very good. See #MyElectricianDrivesAPorsche room for more (including another great interview with more on the book, from @BullMarketMove) #copper
2
from #index,
click to invite
@Excelsior My favorite #SpecialtyMetals company is $ALK.AX $ALKEF "Alkane Resources Ltd is a multi-commodity mining and exploration company with a focus on #gold, #copper, #zirconium, #hafnium, #niobium and rare earth elements. Our projects and operations are located in the Central West of New South Wales, in eastern Australia." *Many don't realize they are producing 50,000-60,000 ounces of #Gold per year as well, to fund their other large Specialty Metals mine. It's an interesting strategy they are taking. http://alkane.com.au/
1
from #index,
click to invite
@Goldfinger Hmmm...."BHP Billiton plans to restart operations at its Escondida copper mine in Chile by using temporary workers after striking workers rejected an invitation to return to negotiations." $BHP $copper
0
from #index,
click to invite
@MiningBookGuy Union at Chile's Escondida slams new offer from management http://www.reuters.com/article/chile-copper-idUSL2N1GW0IO (h/t @chrisjparrish) $BHP #Chile #Escondida #copper
0
from #index,
click to invite
@BenjaminCox I am heading off to Van for the day, but I thought this thought piece would be interesting.. “What is the OPEX + CAPEX of a new 0.3% porphyry in Chile?”  @benjamincox/how-much-will-a-new-copper-mine-in-chile-cost-to-build #copper
8
from #index,
click to invite
@Gianni Guess who's keynoting the CESCO Dinner on April 5th during CRU #Copper Week? $CBK Chairman @Gianni Kovacevic http://www.cesco.cl/noticia/invitado-especial-a-cesco-dinner-2017-gianni-kovacevic/
4
from #index,
click to invite
@drilltracker @BenjaminCox @90bigpiture Great question and well put together guidelines by Ben. I am doing a comment and run as I am heading out of contact for a week. An additional question is when do the integrated mining/smelting companies in China start buying up the 0.3% Cu deposits. For them it is more about maintaining smelter feed than making money on a mine. Even though there is a serious shortage of quality copper assets held by juniors the majors/mid tiers (codelco, FM) hold a bunch of undeveloped in-situ copper. FM could be a target for a Chinese buyer. If that happened they would have a good pipeline of concentrate feed. #copper #index
5
from ~mining syndicate,
click to invite
@0Kib #RobertFriedland has reduced tail risk for $IVN substantially by letting Chinese take a 40% stake in #Kamoa #Kukula, letting government stake go up by 15% at no extra cost. China is the biggest investor in #DRC and doesn't like to be pushed around. New ruler is very unlikely to play hard ball with this relationship. $CLQ.AX, another RF company, also recently had 20% Chinese investment which further strengthens the bond.He's ceded these project level stakes to ensure longevity. #astute #copper #zinc
2
from #ivn,
click to invite
@NickZed $IVN froedland also has some financing clause that allows him to match or do better than any financing that the chinese can raise- to bring ownership up to 49 or 51% (i can't remember exactly)
4
click to invite
@racker $IVN outstanding! sea of #copper "New discovery hole intersects a shallow, 3.8-kilometre extension - now known as Kakula West - of the Kakula Copper Discovery at the Kamoa-Kakula Project" @marketwired/new-discovery-hole-intersects-a-shallow-38-kilometre $IVN $IVPAF
6
from #index,
click to invite
@DanO A 2.5% increase in apparent Chinese demand put the global refined #copper market in a 50,000 mt deficit in 2016 https://goo.gl/EoUBXI
2
from ~roughingit,
click to invite
@MiningBookGuy Zinc, copper miners in Peru declare force majeure amid flooding https://www.metalbulletin.com/Article/3671042/base-metals/Zinc-copper-miners-in-Peru-declare-force-majeure-amid-flooding.html (h/t @chrisjparrish) #zinc #copper #Peru "Leading zinc and copper miners in Peru have declared force majeure on nearby supply contracts as flooding and landslides continue to disrupt transportation in the country, most notably in the Central Andes, sources with knowledge of the matter told Metal Bulletin."
2
from #index,
news_bot Copper price falls on Grasberg production resumption http://www.mining.com/copper-price-falls-grasberg-production-resumption/ #copper
0
from #newsroom,
click to invite
@Vaughan First Quantum Minerals raises US$2.2 billion as part of high-yield rush http://business.financialpost.com/news/fp-street/first-quantum-minerals-raises-us2-2-billion-as-part-of-high-yield-rush The transaction is significant because it is the largest high-yield raise by a Canadian mining company in at least four years $fm #copper #gold #zinc
0
from #index,
click to invite
@Leon #gold is the place to be right now and $1,300 is a realistic target to the upside." ~ Phillip Streible, Senior Market Strategist RJO Futures #silver #copper www.youtube.com/watch?v=KzwD4tUMotc+
0
from #index,
click to invite
@PamplonaTrader Regulus Resources Announces Agreement With Corescan as Drilling Set to Commence at Antakori Copper-Gold Project, Peru https://ceo.ca/@marketwired/regulus-resources-announces-agreement-with-corescan $REG #copper
5
from #index,
click to invite
@MiningBookGuy Barrick Gold, partner win dispute over cancelled Pakistan mining project https://www.thestar.com/business/2017/03/21/barrick-gold-partner-win-dispute-over-cancelled-pakistan-mining-project.html (h/t @PiercePoints) $ABX $ANTO.L #Pakistan #RekoDiq #Copper #Gold "The Reko Diq project sits in the restive province of Balochistan, which shares a border with Afghanistan and Iran, and was estimated to have cost more than $3 billion to develop."
1
from #index,
click to invite
@0Kib $IVN added some more today. Prior to yesterday I had read Kamoa/Kakula as being worth $10 Bn+ of which Kakula was the larger part. With Kakula reserves rising by 2-3x potentially, $IVN 40% share goes up by a few billions not the $150m increase in market cap seen so far. I don't think most of it was priced in prior to yesterday so most of the repricing still lies ahead #copper #zinc
2
from #ivn,
click to invite
@0Kib like his elder almost namesake sibling $IVN will either be bought out at a substantial premium, or will become a producer valued substantially higher. One of the two "lesser" projects - Kipushi or Platreef could easily be sold to help fund the Capex for the rest. It's effectively now on auto pilot. #GoTo stock #copper #zinc
3
from #ivn,
click to invite
@MiningBookGuy Hi @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.
2
from @miningbookguy,
click to invite
@MiningBookGuy @NickZed - i just realized you asked "explorers through to majors"...i am trying to learn more about #copper producers/majors. I don't know enough to make clear recommendations here. But I will add that $SFR.AX has a fascinating history, and looks interesting as an emerging #copper mid-tier. One that I am also researching right now and not discussed very often at ceo.ca. But I am mostly interested in the smaller juniors.
0
from @miningbookguy,
click to invite
@Goldfinger ESCONDIDA MINE PRESIDENT MARCELO CASTILLO SAYS PROCESS OF NEGOTIATION HAS ENDED , STRIKE TO END $copper
1
from #index,
click to invite
@MiningBookGuy $MOD.AX MOD Strengthens Corporate Team http://www.asx.com.au/asxpdf/20170324/pdf/43h0rff6ljjqld.pdf $MOD.AX $MTR.L #Botswana #copper #index Stef Weber as CFO and Boikobo Paya as Chairman of the Botswana operating company, Tshukudu Metals. Improving operations/strategy, and connections with #Botswana government.
1
from ~aufrica,
click to invite
@Excelsior $SAND $SSL Sandstorm Acquires 22 #Royalties In First Quarter Friday March 24, 2017 - #Gold #Silver #Copper #Diamonds #Streaming and #royalty company Sandstorm Gold Ltd. says it acquired 22 net-smelter-return royalties during the first quarter for $1.9 million. The assets include royalties on development-stage, advanced exploration-stage and exploration-stage projects located in Canada, Mexico and Peru. "The collection of royalties that we have acquired so far in 2017 have added exploration potential in stable jurisdictions, increasing the optionality in our portfolio, which is now up to 155 streams and royalties," said Nolan Watson, president and chief executive officer. “We have over $30 million in cash and $110 million available on our revolving line of credit, and we are working diligently to continue deploying our capital into accretive acquisitions that will add value to shareholders." http://www.kitco.com/news/2017-03-24/Gold-Silver-Mining-Daily-News-Briefs.html
2
from ~royaltiesandstreams,
click to invite
@EpsteinResearch $NIM CEO Peter Espig acquired shares at 18.5c in the open market yesterday, March 23rd. #copper #gold #silver His last purchase prior to that was at 24c/share. He's bullish and not overly price sensitive. Near-term catalysts Thule Copper drilling.... working off of a recent blockbuster hole, 86 m at 1.11% Cu. $NIM sponsors my website. Here's my latest piece on Nicola Mining... http://EpsteinResearch.com/2017/03/09/NICOLA-mining-3-company-makers-in-1/ Please consider signing up for free updates while at my site. Thanks.
1
from #nim,
click to invite
@EpsteinResearch @awgiddens, $NIM #copper #gold #silver if you put emphasis on the CEO acquiring shares in the open market, you should disclose the price paid. He paid 24c. What % of the CEOs at the hundreds of juniors mentioned herein day in and day out have bought ANY shares at all in open market lately? 5%? 10%?
0
from @awgiddens,
click to invite
@MiningBookGuy Amerigo plants case for earnings growth http://www.mining-journal.com/copper-investor-hub/copper-investor-hub-resourcestocks-company-profiles/amerigo-plants-case-for-earnings-growth/ $ARG #Chile #copper #CompanyProfile #MiningJournal "Over a billion tonnes of copper resources; consistent ore supply to the mill with stable, predictable metallurgy; and an equally steady operating environment. Oh, and did we mention no drilling and blasting, and no mining costs? That’s the highly palatable prospect ahead of Chile #copper producer Amerigo Resources (TSX: ARG) and its investors in an improved copper market."
0
from #index,
click to invite
@MiningBookGuy Strike at BHP's Escondida copper mine in Chile to end this weekend http://www.afr.com/business/mining/copper/strike-at-bhps-escondida-copper-mine-in-chile-to-end-this-weekend-20170323-gv5al4 $BHP #Escondida #Chile #copper "The strike at Escondida, the world's largest copper mine, will end after workers decided to invoke a legal provision that allows them to extend their old contract, the union said on Thursday."
2
from #index,
click to invite
@MiningBookGuy Acacia Mining losing US$1m a day due to Tanzania export ban http://www.telegraph.co.uk/business/2017/03/24/acacia-mining-losing-1m-day-due-tanzania-export-ban/ (h/t @sndwky) $ACA.L #Tanzania #gold #copper ~AUfrica #index Partial Quotes: "The ban affects products from two of Acacia’s three mines; its North Mara mine is unaffected. Acacia has enjoyed a turnaround in fortunes of late and is thought to be generating enough free cash to cover short-term costs from the export ban. However the uncertainty surrounding the ban led to Endeavour Mining of Canada pulling out of merger talks earlier this week. The deal would have created a $3bn gold miner with assets across Africa." $EDV
0
from ~aufrica,
click to invite
@MiningBookGuy Escondida outcome seen as disaster for BHP as workers return http://www.reuters.com/article/us-chile-copper-labor-idUSKBN16V2SL #Escondida $BHP #Chile #Copper "The end of a historic strike at Chile's Escondida copper mine, the world's biggest, has left its owner, BHP Billiton, nursing an estimated $1 billion loss and probably in a weaker position for negotiations in a year or so, company and industry insiders said."
1
from #index,
click to invite
@0Kib $IVN could well have 100bn+ lbs of copper across #Kamoa #Kakula (previous resource estimate across the two was 59bn lbs which is surely set to go substantially higher after recent step out drilling news). That could well justify a 40+ year LOM with 0.72 Bn lbs annual production (or 2% of global production). Say US$2-3/lb CF at mid/peak cycle (given this lowest quartile cost/capex op) and you get $1.5-2 Bn in CF, or US$600m to US$800m for $IVN's 40% stake. A 10 multiple on that gives you US$6 Bn to US$8 Bn in value just from this asset. That's C$8-11Bn or 3x from the current valuation without counting anything from Kipushi or Platreef or other optionalities. 5x on $IVN is a reasonable not even a stretch target at all. #GoTo stock #copper #zinc
5
from #ivn,
click to invite
@tommy Lukas Lundin on patience and early successes http://www.northernminer.com/news/pdac-2017-lukas-lundin-patience-early-successes/1003784825/ #Lundin $LUG $LUN #exploration #copper "at the end of the day, it's tonnage and grade"
7
from #index,
click to invite
@MiningBookGuy Vedanta to invest $1 bln in Zambian copper mine http://af.reuters.com/article/commoditiesNews/idAFL5N1H14FJ #Vedanta #Zambia #copper #index "Indian mining company Vedanta Resources said on Friday it will invest $1 billion in its Zambian mining unit Konkola Copper Mines (KCM), creating 7,000 jobs."... "Agrawal said he wanted KCM to be the biggest integrated #copper producer in #Africa."
0
from ~aufrica,
click to invite
@chrisjparrish $MOD.AX $MTR.L A comparison of potential value difference when buying these stocks, as viewed by an experienced investor. In essence same #Botswana #Copper #Silver project for both companies as their major operation: http://sj.co.uk/comp.png+
2
from @chrisjparrish,