The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@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
@ExcelsiorMy 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.
@GoldfingerHmmm...."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
@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
@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. $CLQ.AX, another RF company, also recently had 20% Chinese investment which further strengthens the bond.He's ceded these project level stakes to ensure longevity. #astute#copper#zinc
@0Kib$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
@0Kiblike 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
@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.
@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 $SFR.AX has a fascinating history, and looks interesting as an emerging #copper mid-tier. One that I am also researching right now and not discussed very often at ceo.ca. But I am mostly interested in the smaller juniors.
@Excelsior$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."
@EpsteinResearch@awgiddens, $NIM#copper#gold#silver if you put emphasis on the CEO acquiring shares in the open market, you should disclose the price paid. He paid 24c. What % of the CEOs at the hundreds of juniors mentioned herein day in and day out have bought ANY shares at all in open market lately? 5%? 10%?
@0Kib$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