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Thread: Gold Juniors

  1. #1
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    Default Gold Juniors

    Hi All, thought a thread on gold juniors might be of interest, either near term producers or small producers you may think will become bigger & better. I have a background in trading gold professionally & also advising Aussie miners on commodity markets & price risk.
    I now invest in these sort of companies for myself & as a fund manager for others.

    To kick off a couple of my favorites are MYG, PXG which I both hold & NST which I have just sold out of (taking profit).

    Be good to get other's thoughts.

    Cheers Daytr

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    SRV is a God STRAT's Avatar
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    Hi Daytr.

    What are your thoughts on GOR?

    After a long down trend it popped up yesterday as a possible buy from a technical perspective. On the rise again today.

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    FEAR n GREED JBmurc's Avatar
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    Yeah PXG been one of the better Explorer's that has some small production ...my fav explorer (don't hold currently)

    PGI-Producer-Gold/silver because I've seen so many start up producer's hit the wall using the old tech and having issues with their ore and cost of digging it out of the ground /underground etc enviro issues .. ..

    ..PGI new tech has the ability to recover through re-treatment of a old tailing's dam .....Low cost high profits will be huge going forward I could see PGI having operation's all-round the world using the tech the've fine tuned to recover much more gold than old methods ....

    PanTerra Gold utilises Xstrata Technology's patented Albion oxidation process which renders inert and non-soluble, toxic sulphur and arsenic contained in the refractory ore, thereby eliminating the threat of acid mine drainage, and providing a net benefit to the environment.


    http://www.panterragold.com/site/
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    I hold PXG and MYG- suffered like the rest- if PXG can prove up 4 m ounces it should be on its way, MYG still has funding issues but hopefully are being sorted. I like PGI, its producing so cashflow and its low cost around $400 an ounce - same with CDG. (Don't hold those).

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    Hi Strat, yep I do like GOR, but there's something about them that just doesn't grab me as much as others & I'm not sure why to be honest. Perhaps they just need to get better at promoting themselves. I like the fact they cut the board to reduce costs that shows they are disciplined. The high grade deposits are on the small side but then they have the 1M ounce plus of low grade. At least they have plenty of cash to keep them going for a while. When are they taking it to bank feasibility? Do they need to find more before they do?

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    PGI PGI and PGI (l0west cost)followed by
    BDR (with iron ore credits),DRM and bigger MML NST KCN

    avoid RED which im losing on.

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    PGI are low cost because they aren't mining, its a tailings project. At $70M MC I think they are reasonably well priced however we are talking around $300M of free cashflow but that's over a few years. The upside really will come from exploration, always does.

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    FEAR n GREED JBmurc's Avatar
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    Whats Your view on PGI Daytr?

    main issues I think the Market see's is in country risk and reserves ....

    with round 6 more years of reserves to be process at Las Lagunas... PGI long term driver could well be the results from the drilling program in the Dominican Republic... with very high grade Cu.Au.Ag in grab samples I'm looking forward to the drill program to start ....also of course another large Tailings deposit would also work esp in another country would diverse the risk ....must be Moz of gold tailings round the world
    Last edited by JBmurc; 19-08-2013 at 05:38 PM.
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    Senior Member Dej's Avatar
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    Quote Originally Posted by moosie_900 View Post
    Take a look at NTL. starting mining 2H next year with big grades in the old talisman mine. C1 and C3 costs are $550 and $900 NZD respectively. very undervalued stock, dual listed. new directors seem to have tgeur heads screwed on well. also fully own another exploration company and a stake in Broken Hill Mining (ASX listed).
    Was just about to chuck this down! Beat me too it...

    It is am illiquid penny stock though, but has had greater volume recently.

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    I would be interested to understand what you see in NTL? Very low market cap but doesn't really seem to be that much going on. I must admit I'm not a big fan of mining in NZ generally. Too much political risk & too environmentally sensitive, especially when compared with Australia.

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    Well I think they are really a gold price play more than most as they have the gold already mined. Shame they had to hedge 1/3rd at $1320 as I think gold will be a lot higher. They definitely have upside imo, but I don't think as much as some others who are spending all their money on exploration.

    Quote Originally Posted by JBmurc View Post
    Whats Your view on PGI Daytr?

    main issues I think the Market see's is in country risk and reserves ....

    with round 6 more years of reserves to be process at Las Lagunas... PGI long term driver could well be the results from the drilling program in the Dominican Republic... with very high grade Cu.Au.Ag in grab samples I'm looking forward to the drill program to start ....also of course another large Tailings deposit would also work esp in another country would diverse the risk ....must be Moz of gold tailings round the world

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    Quote Originally Posted by Daytr View Post
    Well I think they are really a gold price play more than most as they have the gold already mined. Shame they had to hedge 1/3rd at $1320 as I think gold will be a lot higher. They definitely have upside imo, but I don't think as much as some others who are spending all their money on exploration.
    Yes others like PXG may have more upside percent wise but more start-up risks lower grades etc then you also have the fact many miners are finding Aussie a very high cost place to do business ...

    -I brought into CVR because of thought a producer with 1.2moz resource with a market value not much more than plant cost soon to be producer with lower cost structure unhedged,exploration upside.. was a great high growth play (hindsight wish I just brought more PGI)

    After CVR rubbish I now rate mgmt. much higher up the list for importance when it comes to these higher risk jnrs ....in PGI case they have "Brain Johnson" in control.... his past history includes taking Nevada Goldfields Limited, Austral Coal Limited, and both Portman Mining Limited and Mount Gibson Iron Limited from conceptual stage to Profitable miners ....

    Also on the production PGI plan is for 63koz Gold p.a hedged fully first year then second-third year half hedged (if Gold is much higher that hedge price) and some 600koz Silver p.a is Unhedged ....I also think PM prices will be much higher years ahead....Overall I'm happy with hedge set-up as I know they wouldn't have got the plant loan without it...and really as long as they can keep the costs to plan are going make a enough to drill many holes or buy more tailings within a short time frame I could see PGI reserves doubling..

    The Albion Plant cost PGI some 100mill so find the 70mill value still much too light at this stage now that they have announced Recoveries of gold from both the flotation circuits and the CIL circuit are within 7% of target and trending upward. Recoveries of silver from the flotation circuit are within 4% of target and exceeding target from the CIL circuit....

    Brought more PGI today
    Last edited by JBmurc; 19-08-2013 at 11:02 PM.
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    Yes with PGI being the First Mover Globally in using the Albion Process for Gold i think there will be a lot of int once PGI are producing at nameplate and alot of opps Globally and maybe even close enough to the current plant as well.. The first mover Advantage will finally show itself and most of the arrows (teething probs) have now been pulled out of the back of this (PGI) pioneer.

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    Quote Originally Posted by Daytr View Post
    I would be interested to understand what you see in NTL? Very low market cap but doesn't really seem to be that much going on. I must admit I'm not a big fan of mining in NZ generally. Too much political risk & too environmentally sensitive, especially when compared with Australia.
    Its still in its very early stages, so for me its an opportunity to be in a mine from the beginning. Good thing with this mine is that a majority of the tunneling is already existing, so there (theoretically) shouldn't be any political worries due to environment concerns.

    You say not much is going on, but in the last announcement they were talking about procuring machinery and such. For a small company that is quite fast, but I get your point. Always has to be kept in context that, like you said, its a tiny company.

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    Good points JBmurc re risk / reward its almost like a royalty stream. Thanks for those contributing it certainly helps me look at different angles etc I picked up some GOR yesterday with the price dip in gold & I now like the spread I have in juniors.

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