What's your view on NKP.ASX . denpal. if you like ORR then you should love NKP ....much bigger high value metal resource in Africa ...net 32moz est 4g/t av PGM !!! for only a 46-47mill NAV
Such a discount when you price african etc miners ...
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What's your view on NKP.ASX . denpal. if you like ORR then you should love NKP ....much bigger high value metal resource in Africa ...net 32moz est 4g/t av PGM !!! for only a 46-47mill NAV
Such a discount when you price african etc miners ...
It looks like minority shareholders are being frustrated by the Chinese majority shareholder, so for me it's a no on a risk basis, no matter how big the resource. I do now rate companies on the quality of management first, everything else comes after that. I had some bad experiences on CMR, MAK and NMG - it all sounded fantastic and do-able, but in the end it all fell apart due to management. This crystalized for me that proven management must come first. That's why ORR appeals - there are bigger multi-baggers around but at what risk? Probably my weakest company in terms of management is SLR, but they seem to have learned from their mistakes in the Murchison and it's done very well 17c>64c this year. I'm not a trader, so trading the specs is not something I do, I don't have time. For me it's staying with the trend and only bailing out on unreal spikes so I can increase my stake on the pullback. The biggest risk in a bull market is being left behind though, if your re-entry is too slow.
Right so you would be keeping IRC.asx on the watchlist now with Jon price , Grant Haywood ,peter hunt now on board
I'd better have another look at IRC. It has a truly massive vanadium JORC resource - Five years ago I was seeing where the vanadium battery technology was going as a global demand driver for vanadium but it seems lithium is the fashion in batteries just now.
FYI - BUY RECOMMENDATION for Vital Metals (VML) - GOLD - Drilling in highly prospective field with a 6km strike zone - wish i had eyes on the drilling company right now - they know whats there :) refer link below for further details on this gem
http://resourcesrisingstars.com.au/infopage/8808
This is why is read sharetrader!!!
Have been a long term value / dividend growth investor but have recently started a secondary commodities portfolio focused on Lithium and Gold juniors as the gold price trend reversed... Have found this thread very helpful for generating research ideas... Sitting a whisker away from a double bagger on this one so big thanks to Penn and other contributors
You have Cardinal Resources ASX-CDV, MNG Gold and West African Resources ASX-WAF in the neighbourhood, so would make sense for CDV/VML in particular to form some sort of allliance/JV regarding drilling costs, and WAF is currently conducting a feasibility study.
Bear in mind CDV and WAF are much larger than VML. I've not looked into MNG as they aren't ASX listed.
NB. This coming quarter both CDV and WAF will have updates on resource upgrades, so watch out for any high grade results around VML tenements.
I'd want VML to sell the Tungsten project and use the funds to accelerate a drilling programme on the gold projects, having 2 completely different projects in 2 countries increases costs, and for a junior explorer cash burn rate is critical.
I need to find out who owns the nearest milling plant, what capacity it has, and what companies have contracts to supply it.