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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.
anonymous$EPO - too much paper out. 605 Million FD shares. ~20 Million Flow through financing of $0.085 per share coming as free trade on March 1, 2017, they will continue to be in downward pressure. Need to roll back big time. Need money to build the mine, it will be interesting to see how they get financing, more dilution or long term sale agreements with a third party(Can they do that ?) Potash prices are going down year by year. Hope this deal remains free of corruption. This is a very long term investment (if any), would say 3-5 years and with the hope potash prices increase by then. My 10 minutes DD on $EPO
@AKguy$CEM Not really news, the area (SE) has a many strident eco folks. The locals (Haines) also bring project support, they understand that there will be long term jobs associated with the potential mine. They recognize that CEM has and is taking steps to responsibly develop the resource with the State DNR oversight. Two operating mines nearby were subject to the same obstructionist tactics which often are outside based ie not Alaskans
@Excelsior@PhotoJ - The world doesn't need 100 more #Lithium projects, and there is likely room for half a dozen more producers to mop up the projected demand for the next decade. Keep in mind the larger companies can also expand their output in concert with new projects coming to production. I agree with @PamplonaTrader that with a frothy frenzy bubble like #Lithium you want to own the producers, and near-term producers in development stage at this point that have proven they understand this sector and have been somewhat de-risked.
Most of the #HotMoney#DealJumping companies (that were previously #RareEarth, #Uranium, #Gold, or #Biotech companies) are late to the party at this point, and just #milking the trend (well, really they are milking investors with $MarketingFluff).
Give it 2 years and see how many are left. They'll all be #weed stocks or #tumbleweeds..... or they'll just jump onto the next hot trend. #SuccessLeavesClues .... So does a trend of changing commodities every 1-2 years.
You also raised a good point in your question about breakthroughs in #Battery tech. What would happen in 3-5 years if batteries changed design and didn't even use #Lithium any more. My attitude is to "make hay while the sun is shining."
@SuppykingI don't always agree with the charts people post (@ylr ;) re $lac but I have to respect the fact that they're contributing, and I have to admit they've made some excellent calls too. You're just a waste of bandwidth @drspock
@teevee@DanO, @allan lithium in clays is a waste of time and just a pump job as there is no known economic recovery method. Years ago, Robert Friedland raised and spent $10's of millions trying to solve that problem without success.
@BenjaminCoxOnce a serious player decides to get into #Lithium there is enough places where you can deploy $2-5b on a new mine (that level of capital is not hard to attract to the market if the world shifts to an EV world) and crack the market wide open. Juniors if they are more then a promotional story had better move quickly, and invest in projects that are LOW LOW LOW cost, or else like Iron Ore they will get crushed by the machine. If you are still testing your damn target for lithium this late in the cycle you are going to miss the cycle, you had better have a resource, a plan for development, and strong partners, or expect to be blown aside by the market.
@AllanFor all the conspiracy guys that think every trade on the downside is the secret hand of the great gold bear/new world order power, when gold goes up does that mean they took a holiday or they are manipulating it up? I need some help as I don't speak tin foil hat.
@PamplonaTrader$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
@tommyCEO.ca is like a radio with unlimited channels. You want to tune in to the channels that are relevant to you. Channels can be about topics such as #uranium or people like @jameskwantes or stocks like Fairfax Financial Holdings $FFH. Notice when I mention a channel, a copy of my message is duplicated in those channels. The fairfax channel is accessible at www.ceo.ca/FFH and uranium at www.ceo.ca/uranium and so forth. You can create any channel you want, or follow existing ones. #newbies
@Lukester599I have held since 2012. I have seen enthusiasm come and go a few times and am cynical of hype. I rode the early 2000's market up to 2007. In early 2017 we've got enthusiasm and animal spirits, and the promise of a Kazakh production downsize, and not much else. Appreciate Excelsiors' comments and those of many others here. An excellent community for the patient U investor. But we need to have patience.
@QuantumHopeHere's an idea @Allan, get a degree in geology and it will goose your comments with loads of cred, no to mention make your detractors look petty. Back to school - still got your Wayne Gretzky lunch pale and thermos?
@Sarb$DBV started drilling Nov 04. Samples sent to the Lab December 12. Now we are reaching End of January. #late. Have not seen the results from the holes drilled in 2015 either. Spectacular cores usually travel faster. #justsaying
@JamesKwantesMissed #MIF today, sounds like it was a good show. Coming in for VRIC tomorrow a.m. and presenting at 1 pm: The #Yukon: From Deep Freeze to Mining Hot Spot, and moderating a 2:30 Golden Triangle panel featuring @robmcleod of $IDM Greg Beischer of $MRO Adam Travis of $CXO and somebody from $AOT
anonymousAt a market cap of $28 million with a resource of 800 million shallow ounces about to be significantly upgraded and a new expansion drill campaign coming this is a no brainer, it's got a huge upside move written all over it!
@LucTenHaveThe video of the panel discussion between Robert Friedland, Harquail (Franco Nevada), and the Centerra manager is already offline. Probably at the "request" of Robert Friedland. Anyone knows why he doesnt want any video of him to be online? Luckily i downloaded that video from Youtube as i expected it already
@tacktocoverif gold holds here, the stock grinds lower, possibly to 50 cents. That's the bad news. The good news is it will be so cheap at that price that anyone who knows this story should go all-in on the one name. If gold manages to rally from here, we will likely see $KNT hold or move slightly higher, but still lag its peers drastically. Cross you fingers that somebody can put a block together at the right price and clear this overhang.
@tommy@Benedict "clear misrepresentation"? How so? Every public company presenting at MIF gets a booth (they pay to be there, and interact with the newsletter subscribers during coffee and lunch breaks). Regarding losses to good contributors, I strongly disagree. They are still here, often ANONs, as you say. The miners are busier- it's a better market. Maybe they're selling? The site is still growing fast, bootstrapped, and we are very determined to keep improving. We welcome your feedback, especially specific ideas about making the community and product better.