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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.
@ocotilloreduxI won't be there but do me a favour @TheGalvanizer. Have $TK introduce themselves to Votorantim. I also think $VTT should buy the South32 boys a lunch. Feel them out for custom milling. #zinc
@Excelsior$HBM Hudbay not planning to process outside #zinc
Jonathon Naylor / Flin Flon Reminder ~Zinc$FOM
FEBRUARY 13, 2017
"Hudbay has no plans to process zinc from outside mines as part of a proposal to maintain its zinc plant after 777 mine closes, the company has confirmed.
Last year, a Hudbay official raised the possibility of purchasing concentrate from other mines to supply post-777 feed to the
Flin Flon metallurgical complex, which includes the zinc plant.
Scott Brubacher, the company’s director of corporate communications, offered clarification last week, saying zinc importation is “not under consideration.”
@ocotilloredux@excelsior$HBM will have a new NI 43-101 out shortly for Lalor which will show one way or the other if it can keep the zinc plant full or not. At current mining rates and grades the answer is no. They have typically purchased zinc cons in this situation since stopping and starting zinc plants is not easy. When we owned $FOM 's Hanson Lake (Cameco and Billiton) the project could not support transport costs to Europe but I can't recall the pricing used. ~zinc
@ocotilloreduxI haven't looked at Back Forty in years but always thought it was too low grade to mine or ship anywhere. Unless they have done more work on it. I would ship to Valleyfield instead via the Great Lakes. #zinc$AQA
@ocotilloreduxAnd Valleyfield of course, is a good home for $FOM also. Billiton had smelters in Europe so wanted to take the feed there but Glencore is tossing Valleyfield to the dogs so they will be anxious to find feed I would imagine. $zinc
@ocotilloreduxThere are low silver and gold credits at McIlvena Bay (Hanson Lake) and there were issues back then with copper recoveries. So it just could not get out of the starting gates. I think they solved the copper issue. You would really want to run a full financial model on it, not the overly optimistic one in the PEA. $HBM is falling in love with open pit copper and has major capital commitments there if they build that mine in the US. So I really can't comment on whether they have interest here or not since they will need to raise a couple billion for Rosemont first. $FOM
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@AaronAre majors just going to let $tv sit there and soak in profits? Doesn't bother me any, but just wondering. These mines and reserves will likely be expanding in a niche market that is so tight right now and going forward in the foreseeable future. #zinc shortage. This company has to be in an enviable position going forward.
@RulingminingGreenland Minerals $GGG.AX$GDLNF#uranium#zinc$NXE has a stated 202 mil pounds of uranium. I think most people in Nexgen believe there will be 400-500 mil pounds in the upcoming RE. $NXE has a $1.2 bil MC.
Greenland Minerals has 593 million pounds of uranium. Their uranium however is only a by product of the #RareEarth resource of over 11 million tonnes.
And there are 2.25 million tonnes of Zinc.
The resources are near a town and power.
There is a year round port.
And an airport 35km away.
Recently the URA ETF increased it's holding to 8% of $GGG.AX
Projected financing costs are $832 Mil, 5 year payback, 43.4% IRR, Project Value of $1.59 billion. This is for the Kvanefjeld project.
I believe open pit. The Kvanefjeld resource mostly outcrops and sits within 250 m of ground surface, with a low waste/ore ratio.
They have a 43-101 on this project.
They also have 3 other potential projects,
@Excelsior@90bigpicture - There has been a lot of attention on the rise of #Zinc prices, but few are mentioning the gradual rise in #Lead prices. They are often found together, and so a 10%+ rise in #Lead prices seems reasonable to me, and this could be a nice boon to #Silver miners that often have both Lead and Zinc as contributing metals credits.
@MiningBookGuy@Brendan - i'm on board with $ARL.AX (thx @PamplonaTrader!)
While I'm still learning more about the nickel-cobalt deposit, I think $ARL.AX has an opportunity to do a new study that focuses on higher-grade cobalt sections. But the real story is "what happens if SHTF in the $DRC?" This is a real concern... same type of concern for #platinum in #SouthAfrica, #palladium in #Russia. Take note that $SBGL was shrewd and bought $SWC BEFORE massive disruption. IF something goes wrong in #DRC, I think it's natural to look for SCALE in SAFE jurisdictions...not tiny, high-grade #cobalt plays. There's real grand-slam potential here because of #geopolitics. $ARL.AX is going to get more attention.
Anyway, I'm on board with that part of the story. But $ARL.ax is intriguing for other reasons @PamplonaTrader brought up. Keep in mind they have an advanced #gold#zinc project and early stage nickel exploration, all in #Australia. Basically, 'going beyond cobalt', $ARL.AX is intriguing for many reasons. But the cobalt aspect (and ridiculous valuation) pulled me in
@Excelsior@MiningBookGuy - Great points on $ARL.AX and giving investors the option of diversifying out of riskier jurisdictions like #DRC for #Cobalt exposure. I wish Ardea all the success in the world and personally have some exposure to them through their mother company $HER Heron Resources.
Heron has a nice share position since they were the ones that just spun out these projects to create Ardea. This was the wise move for Heron, so they could strictly focus on their Woodlawn #Copper#Zinc project, and because these other #Cobalt and other #BaseMetals projects were not getting properly valued by the marketplace anyway under Heron's umbrella.
Now these projects that Ardea holds separately have a chance to advance, and the focus of Heron can stay on taking Woodlawn into #production. Fun times!