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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.
@PamplonaTrader$VTT financing is the only thing that kept me from loading up. If these groups aren't particularly price sensitive I'd guess $VTT is financing at $0.17+, which would make it a solid buy here. Thanks for the info @HRA-Coffin. #zinc
@PamplonaTraderYikes! Angry Geologist blasts $AZ in his latest blog post. How does one trust this mgmt team given their willful efforts to obscure the manganese issue? Now these potential permitting headaches... #zinc
@nicholaslepan#Copper US$ 5,770/t vs US$5,891/t yesterday
#Aluminium US$ 1,785/t vs US$1,811/t yesterday - Aluminium – Aluminium inventories held at three major Japanese ports climbed 14.8% in Dec, according to the Marubeni data,
Stocks climbed to 276kt accounting for c.12% of total LME stockpiles.
#Nickel US$ 10,140/t vs US$10,310/t yesterday
#Zinc US$ 2,693/t vs US$2,787/t yesterday
#Lead US$ 2,243/t vs US$2,287/t yesterday
#Tin US$ 21,015/t vs US$21,080/t yesterday
@nicholaslepan#Copper US$ 5,782/t vs US$5,770/t yesterday - Pan Pacific sets first Tc/Rc of the new year at $92.5/t and 9.25c/lb indicating an ongoing shortage of copper concentrates.
#Aluminium US$ 1,802/t vs US$1,785/t yesterday
#Nickel US$ 10,195/t vs US$10,140/t yesterday
#Zinc US$ 2,755/t vs US$2,693/t yesterday
#Lead US$ 2,310/t vs US$2,243/t yesterday
#Tin US$ 21,140/t vs US$21,015/t yesterday
@ExcelsiorJust as a reminder to the #Silver#Lead#Zinc investors that Americas Silver Corp just started trading today under their brand new #DualListing on the NYSE MKT LLC under the symbol $USAS . It will need to be tagged #Feedback. The $USA listing for Canadian investors of Americas Silver is unchanged.
@tommyCallinex Mines $CNX murdered Thursday - off 21.8% to 34 cents on ~3.2 million shares. Shares reached 67 cents Dec 1 on news of a VMS discovery at Pine Bay in Manitoba (10.3 meters grading 13.1% Zn Eq. at roughly 1km depth), followed by a $5 million infusion from one of Sprott’s sharpest funds ($0.50 per Unit with a 3 year half warrant at $0.75).
Drill results out today suggest the initial discovery “zone” does not have potential to be a large deposit on its own, however, the project has proven capable of delivering significant grades and widths and is underexplored according to STELLAR young CEO Max Porterfield. @marketwired/callinex-reports-initial-drill-results-at-pine-bay-70a5c
Callinex is still actively exploring Pine Bay with two drill-rigs. They are testing multiple areas of the property and have a deep pipeline of targets. Results from geophysical borehole surveys on drill holes 95-02 and PBM-019 are pending, and will help the company understand potential of last Winter’s new discovery.
Callinex also holds three zinc deposits in Eastern Canada encompassing ~3 billion pounds of zinc equivalent resources in the ground, and has approximately $10 million in the treasury. This all in a roughly C$20 million market cap. #zinc~zinc
@nicholaslepanShanghai warehouse stock moves:
- #Copper stocks rose 1.3% (2,182t) to 172,979t this week with a further 8,202t coming on warrant adding 64,540t of warrants for the week
- #Aluminium stocks rose +0.3% (316t) to 118,551t this week with a further 11,859t on warrant to 40,313t
- #Zinc stocks fell 0.1% (178t) to 159,091t this week with 494t coming off warrant to 76,516t
- #Lead stock rose 7.7% (3,026t) to 42,097t this week with a further 8,437t on warrant to 35,885t
- #Nickel stocks fell 1.1% (957t) to 89,609t this week with 1,557t coming off warrant to 82,306t
- #Tin stocks fell 6.4% (247t) to 3,599t this week with 349t coming off warrant bringing the weeks change to 2,860t
@PamplonaTrader$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 $13mln in cash, they can add over 2bln lbs of ZnEq over the next 12 months.
Lots of blue sky potential here. #Zinc
@PamplonaTrader$TK is kicking off the drill season by stepping out from the high-grade vertical chimney at West Ayawilca where grades average ~8.8% ZnEq. Expanding the high grade resource would obviously be great for the deposit's economics. #zinc
@Excelsior@terrysteen - Great post. Yes, Doug is @ocotilloredux on here and he already had posted those thoughts on $TK and the Zinc Modules in the ~Zinc panel, so it's fine to share it because it's already has been circulated on ceo.ca for a while, and appreciated by all of us.
My recommendation is to check out the posts in both #Zinc and ~Zinc as there are a number of savvy contributors, articles, stock info, sector info, and good thoughts to mull over from all the contributors. Different things in those rooms, but a few posts appear in both channels. Good stuff!
@MiningBookGuyi don't own $CEM shares anymore. i'm skeptical of near-term catalysts, and been disappointed in the last couple years.
wasn't planning to give my thoughts. but comments a tad too positive on this one, IMO. only clear positive was monetizing a non-core asset. it's a real positive, but has nothing to do with Palmer. i understand the "buy something #zinc that hasn't moved yet" play. but i recommend people call management and figure out the 2017 plan if they're looking for more than a really quick trade.
@PamplonaTraderHere is what matters: Dowa completed 49% earn in by spending US$22m, $CEM with remaining 51% has a fully diluted EV of US$9m + $2m cash call. Also pending strategic review of gold assets. #zinc@MiningBookGuy explain "tad too positive". Also, not just "buy something #zinc that hasn't moved yet". I have actual fundamental reasons to buy, unlike those pushing pretender zinc stocks.
@MiningBookGuy@PamplonaTrader - you know as well as I do that it's not just about lbs. To my understanding, $CEM is around 7-8 million tonnes, maybe just making the threshold for a mine.
i think to use a ZnEq comparison for $TK$CEM is just as dangerous as trying to compare a ~200k+ oz/year gold project with a ~50k oz/year. This is not apples to apples, but most of know that a 'small mine' for any commodity should be proportionally less valuable.
in addition, no one has shared $CEM's 2017 plan. @PamplonaTrader, did you talk to management recently? I'm interested to hear what this year's plan is. If anything, management has been too quiet. too few NRs.
lastly, i'm surprised you say i've 'developed a negative bias'. the important point here is to not assume apples-to-apples comparisons across the zinc sector. I don't know much about $TK. But I know that $CEM is a different animal.
Again, no one has said anything about management's near-term plan at ceo.ca yet. But some people are talking about buying without any further DD. that's dangerous. #zinc
@PamplonaTrader@MiningBookGuy You know as well as I do that it's not just about tonnes, in fact you ought to know that the less rock you move the better.
Palmer with ZnEq grade of over 12% vs Ayawilca with ZnEq grade of closer to 7%. A closer analog in terms of grade is $FOM's McIlvenna... which has recently rocketed 100% on no news and despite having no funds.
Also, what are your thoughts on Dowa paying US$22m for 51% of the project and $CEM having a fully diluted EV of $9m for 49% of the project? There seems to be an arb opportunity there and a double doesn't seem too crazy. #zinc
@MiningBookGuy@PamplonaTrader - "in fact you ought to know that the less rock you move the better"
$FOM far more advanced that $CEM. In #Saskatchewan ...not necessarily better than #Alaska as a general jurisdiction. But FAR better for the specifics--around excellent infrastructure, Flin Flon belt completely proven. Alaska is USD, not as good right now. But most importantly, the point @RocketRed made about local community issues.
This is not a dealbreaker by any means. But you're the one that keeps bringing up these comparisons that aren't apples-to-apples. $FOM has a lot going for it that $CEM doesn't, and $CEM is far more dependent on near-term discoveries.
I am fully aware of the excellent deal that $CEM pulled off with Dowa. In 2014, $CEM had some awesome drill results. But look at 2015-2016, and you tell me if there was anything to get excited about with the millions spent by Dowa.
Again, this is more about people doing proper DD on $CEM, rather than simplifying and trying to make $CEM seem directly comparable to $FOM, $TK, etc because of a #zinc component.
$CEM could work out great! But I think it's very healthy to be skeptical. And if anything, the smaller the company, the more important it is to talk to management. This rule definitely applies here.
@PamplonaTraderOK @MiningBookGuy I don't hold myself out as some kind of #zinc expert and will concede you probably know more about $CEM. But based on the risk I've seen you willing to take in other stocks, it seems most of your disinclination is a case of sour grapes. Technically (engineering) and fundamentally, @ocotilloredux has already endorsed Palmer as a deposit that works... without accounting for any resource expansion. I am inclined to follow his guidance.
I've made my position known.
@PamplonaTrader@MiningBookGuy Thanks for the lecture but you are stating the obvious. Maybe, I should just append every post with "DYODD"?
Part of my DD process is to reach out to people who know more than me. You've stating in your videos that you are limited in your ability to understand the technical aspects of a deposit so I am not sure how else you would go about doing DD if not reaching out to people who have actually built zinc mines?
From a charting perspective though... this one is likely to break out and move much higher... just an observation BWTFDIK. $CEM#zinchttp://imgur.com/sRmt03I+