GRX - GreenX Metals
- Thread starter sleeper88
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Re: PDZ - Prairie Downs Metals
I have been in and out of the oppies several times here. There are fourteen unreported drill holes that should have been assayed by now. I suspect that the various lodes at Prairie Downs may be larger than previously thought and at relatively shallow depths. PDZ made the comment that the lodes they were drilling on may coalesce at depth. I assume that a number of holes were aimed right into and along strike to the new Zed lode. IF the holes were average (PDZ has already started a scoping study for a 20,000 tpa zinc mine) there would be no reason to go into pre open.
rwkni1 said:
I have been in and out of the oppies several times here. There are fourteen unreported drill holes that should have been assayed by now. I suspect that the various lodes at Prairie Downs may be larger than previously thought and at relatively shallow depths. PDZ made the comment that the lodes they were drilling on may coalesce at depth. I assume that a number of holes were aimed right into and along strike to the new Zed lode. IF the holes were average (PDZ has already started a scoping study for a 20,000 tpa zinc mine) there would be no reason to go into pre open.
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Re: PDZ - Prairie Downs Metals
Impressive results out this morning from a growing zinc lead and silver resource.
Sellers dried up rapidly and it's moving higher. Company will move to production in a year or so. Well worth a look.
Impressive results out this morning from a growing zinc lead and silver resource.
Sellers dried up rapidly and it's moving higher. Company will move to production in a year or so. Well worth a look.
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Re: PDZ - Prairie Downs Metals
More spectacular results released to-day. I have never seen zinc grades of 38 to 67% before. Simply amazing. Backed up the truck this morning. Oppies were still under 50 cents.
More spectacular results released to-day. I have never seen zinc grades of 38 to 67% before. Simply amazing. Backed up the truck this morning. Oppies were still under 50 cents.
doogie_goes_off
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Re: PDZ - Prairie Downs Metals
G'day sidneysider, sorry to burst your bubble, but these are estimates which is highly speculative. The grades you quote would be for 100% sphalerite, these grades may be spectacular, but real widths of this grade are narrow and may constitute material that is too narrow to mine, the grade will more likely be 6% for the 27m interval, I don't trust visual estimates and it seems a little dodgy.
G'day sidneysider, sorry to burst your bubble, but these are estimates which is highly speculative. The grades you quote would be for 100% sphalerite, these grades may be spectacular, but real widths of this grade are narrow and may constitute material that is too narrow to mine, the grade will more likely be 6% for the 27m interval, I don't trust visual estimates and it seems a little dodgy.
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Re: PDZ - Prairie Downs Metals
PDZ have stated mining widths and grades for the Prarie Downs system and I think it comical that u say they cannot mine this stuff. They released this data within the context of a number of drilling reports and assay reports that are already public. Drilling programs including DD & RC have been brought forward and PDZ have already started negotiations to secure and finance a ball mill for their mine plant. These preliminary studies were published some time ago and assume that the BFS will also fastracked as a lot of relevant studies are already complete or underway.
PDZ have stated mining widths and grades for the Prarie Downs system and I think it comical that u say they cannot mine this stuff. They released this data within the context of a number of drilling reports and assay reports that are already public. Drilling programs including DD & RC have been brought forward and PDZ have already started negotiations to secure and finance a ball mill for their mine plant. These preliminary studies were published some time ago and assume that the BFS will also fastracked as a lot of relevant studies are already complete or underway.
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Re: PDZ - Prairie Downs Metals
PDZ has in about 8 weeks of drilling at Prarie Downs increased the size of their resource from one million tonnes of ore to about IMHO two-three million tonnes with all hi grade systems open along strike and at depth. I draw these assumptions from the commentary about the tenor and grade of drilling results they have discussed. PDZ originally stated that Prarie Downs had potential for 10,000,000 tonnes of ore from +10 kms of strike BUT they have only drilled on about 1,200 meters and they are already looking very "hot". They have "tonnes" of targets to drill that ALL look very exciting to me.
Originally they were looking at developing +1,000,000 tonnes of resource to produce 20,000 tonnes of zinc per year giving PDZ a discounted NPV of around $250 million (using modular plant). With the resource numbers literally exploding under their feet they signalled that they would go to studies for a fixed plant which i assume increases zinc production substantially and sends the NPV number much higher. The BFS studies are due within the next two days. At 70 cents / market cap of $25 million and a zinc mine capable of producing 20-40,000 tonnes??? pa this little baby is very seriously undervalued.
PDZ has in about 8 weeks of drilling at Prarie Downs increased the size of their resource from one million tonnes of ore to about IMHO two-three million tonnes with all hi grade systems open along strike and at depth. I draw these assumptions from the commentary about the tenor and grade of drilling results they have discussed. PDZ originally stated that Prarie Downs had potential for 10,000,000 tonnes of ore from +10 kms of strike BUT they have only drilled on about 1,200 meters and they are already looking very "hot". They have "tonnes" of targets to drill that ALL look very exciting to me.
Originally they were looking at developing +1,000,000 tonnes of resource to produce 20,000 tonnes of zinc per year giving PDZ a discounted NPV of around $250 million (using modular plant). With the resource numbers literally exploding under their feet they signalled that they would go to studies for a fixed plant which i assume increases zinc production substantially and sends the NPV number much higher. The BFS studies are due within the next two days. At 70 cents / market cap of $25 million and a zinc mine capable of producing 20-40,000 tonnes??? pa this little baby is very seriously undervalued.
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Re: PDZ - Prairie Downs Metals
The expected announcement came out yesterday afternoon and it was a summary of their scoping study. Very positive document. Cap costs $55 million to produce about $120,000,000 of zinc in first year (11% zinc) dropping to 8% zinc in the second. The first year produces 27,500 tonnes of zinc and then 20,000 tonnes in the second. They plan an underground (shallow) mine for starters and have moved away from modular to fixed plant. Discounted NPV on this type of project should around $200-250 million without taking account for the superb drilling results they are getting. A raft of fresh drilling data will appear over the next month. Drilling will resume in July where they will hit the continuation of the hi grade mineralization at Zed Load at depth. IMHO this type of NPV puts a theoretical price of $5.50-6.94 on each undiluted PDZ share, diluted for oppies cuts this back to $3.33 - 4.16 (without counting continued drilling success).
Where will the market bids go now???
The expected announcement came out yesterday afternoon and it was a summary of their scoping study. Very positive document. Cap costs $55 million to produce about $120,000,000 of zinc in first year (11% zinc) dropping to 8% zinc in the second. The first year produces 27,500 tonnes of zinc and then 20,000 tonnes in the second. They plan an underground (shallow) mine for starters and have moved away from modular to fixed plant. Discounted NPV on this type of project should around $200-250 million without taking account for the superb drilling results they are getting. A raft of fresh drilling data will appear over the next month. Drilling will resume in July where they will hit the continuation of the hi grade mineralization at Zed Load at depth. IMHO this type of NPV puts a theoretical price of $5.50-6.94 on each undiluted PDZ share, diluted for oppies cuts this back to $3.33 - 4.16 (without counting continued drilling success).
Where will the market bids go now???
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doogie_goes_off
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Re: PDZ - Prairie Downs Metals
If you clain an NPV for an inferred resource or an exploration target size, then you will fall down, NPV's should really only be done on reserves or indicated resources, becasue this can be equated with 'probable reserves'. The drill results are plenty impressive so I am not bagging this company, I suppose I dislike the level of speculation without lab results. I have not researched the company and don't have the time now that their share price has rocketed. It could double again if they have the cash to drill out this deposit to the type of figures you talk about, but IMO this one will level off before another breakout of this magnitude, sorry I am not a graph person, so we'll have to wait and see. Good to see a stock that's bucking the trend of the bell curve graphs of most small resource companies over the last year. I apologise for my knee-jerk last post on PDZ. Good potential to grow on the back of investors learning of the potential earnings of a mid size zinc producer.
If you clain an NPV for an inferred resource or an exploration target size, then you will fall down, NPV's should really only be done on reserves or indicated resources, becasue this can be equated with 'probable reserves'. The drill results are plenty impressive so I am not bagging this company, I suppose I dislike the level of speculation without lab results. I have not researched the company and don't have the time now that their share price has rocketed. It could double again if they have the cash to drill out this deposit to the type of figures you talk about, but IMO this one will level off before another breakout of this magnitude, sorry I am not a graph person, so we'll have to wait and see. Good to see a stock that's bucking the trend of the bell curve graphs of most small resource companies over the last year. I apologise for my knee-jerk last post on PDZ. Good potential to grow on the back of investors learning of the potential earnings of a mid size zinc producer.
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Re: PDZ - Prairie Downs Metals
Dear Doggie,
If you couldn't be bothered researching the stock why are you commenting about PDZ? Share price has risen strongly to around 90 cents which puts a market cap of $34.4 million on the first stage of what may turn out to be a major zinc discovery. They just announced that they seem to have a very rich system running about 30 meters wide probably carrying average values in the 10-15% range on the Zed Loode and it is open in several directions.
Discounted NPV's are pretty common when attempting to put valuations on project potential. You will find that PDZ filed a presentation with the ASX in 2006 that contains such an NPV estimation. Current drill data is indicating that this estimate may be "overshot" by multiples as more drilling continues. PDZ suggested that the Prarie Downs strike system may have potential to host 10,000,000 tonnes of ore BUT IMHO this assumption may turn out to be conservative based on the ore potential on the first 1,200 meters of the system.
Dear Doggie,
If you couldn't be bothered researching the stock why are you commenting about PDZ? Share price has risen strongly to around 90 cents which puts a market cap of $34.4 million on the first stage of what may turn out to be a major zinc discovery. They just announced that they seem to have a very rich system running about 30 meters wide probably carrying average values in the 10-15% range on the Zed Loode and it is open in several directions.
Discounted NPV's are pretty common when attempting to put valuations on project potential. You will find that PDZ filed a presentation with the ASX in 2006 that contains such an NPV estimation. Current drill data is indicating that this estimate may be "overshot" by multiples as more drilling continues. PDZ suggested that the Prarie Downs strike system may have potential to host 10,000,000 tonnes of ore BUT IMHO this assumption may turn out to be conservative based on the ore potential on the first 1,200 meters of the system.
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Re: PDZ - Prairie Downs Metals
The chart moves have turned vertical. We have a major re-rating underway. IMHO this is driven by the spectacular grades that have been drilled on the Zed Lode where a 30 meter intersection is open in several directions. Bidders are currently paying 95 cents with very little stock available. The oppies took a leap to 69 and there seem to be non left under 79.
The chart moves have turned vertical. We have a major re-rating underway. IMHO this is driven by the spectacular grades that have been drilled on the Zed Lode where a 30 meter intersection is open in several directions. Bidders are currently paying 95 cents with very little stock available. The oppies took a leap to 69 and there seem to be non left under 79.
PDZ - options The Speculator's buy of the week
Prairie Downs Metals May 08 company options (PDZO) is the buy of the week in The Speculator today, in The Bulletin magazine.
The magazine is not on the website yet so I can't give a link till it goes up.
The Speculator gives a big and very positive rundown on zinc and metals producers in general, before zeroing in on PDZO as being the best thing available to buy right now to obtain leverage into this market.
PDZO (he says) has an indicated & inferred resource of 1m+ tonnes 8.3% zinc, 1.7% lead & 22 g/t silver "in four lodes that are open at depth and along strike, indicating potential for a significant increase in the size of the relatively rich resource".
There are "expectations that a resource of 10 million tones or more will be established".
Sempra Metals in the US showed confidence in the stock by buying in at a premium last year, and now hold 7.4%.
Speculator says that now that tax loss selling has finished, we should see some movement in these options.
Prairie Downs Metals May 08 company options (PDZO) is the buy of the week in The Speculator today, in The Bulletin magazine.
The magazine is not on the website yet so I can't give a link till it goes up.
The Speculator gives a big and very positive rundown on zinc and metals producers in general, before zeroing in on PDZO as being the best thing available to buy right now to obtain leverage into this market.
PDZO (he says) has an indicated & inferred resource of 1m+ tonnes 8.3% zinc, 1.7% lead & 22 g/t silver "in four lodes that are open at depth and along strike, indicating potential for a significant increase in the size of the relatively rich resource".
There are "expectations that a resource of 10 million tones or more will be established".
Sempra Metals in the US showed confidence in the stock by buying in at a premium last year, and now hold 7.4%.
Speculator says that now that tax loss selling has finished, we should see some movement in these options.
PDZ - article now online in The Bulletin
...at:
http://bulletin.ninemsn.com.au/article.aspx?id=276485
Just came online today - a very positive write-up.
...at:
http://bulletin.ninemsn.com.au/article.aspx?id=276485
Just came online today - a very positive write-up.
PDZ - Options cheap IMO
Does anyone agree with me that those May 08 company options are looking rather cheap right now?
Still in the .80s, and are The Speculator's buy of the week in current issue of The Bulletin magazine.
The Speculator's portfolio 2007 to date has increased 100% (!), so being flat or slightly down during the week of publication is not common for a stock/option. The norm would be for a catch-up rise in the subsequent week, which is about now.
Zinc is looking strong, which is also positive for PDZO.
From http://www.570news.com/news/business/article.jsp?content=b070465A
"China's demand for slab zinc is expected to grow 9.5 per cent this year and about nine per cent next year, said Patricia Mohr, a vice-president of economics with Scotiabank. In 2006, it was up 11 per cent.
""These are very strong growth numbers in terms of demand," said Mohr, noting the growth is fuelled by the demand for galvanized steel."
Does anyone agree with me that those May 08 company options are looking rather cheap right now?
Still in the .80s, and are The Speculator's buy of the week in current issue of The Bulletin magazine.
The Speculator's portfolio 2007 to date has increased 100% (!), so being flat or slightly down during the week of publication is not common for a stock/option. The norm would be for a catch-up rise in the subsequent week, which is about now.
Zinc is looking strong, which is also positive for PDZO.
From http://www.570news.com/news/business/article.jsp?content=b070465A
"China's demand for slab zinc is expected to grow 9.5 per cent this year and about nine per cent next year, said Patricia Mohr, a vice-president of economics with Scotiabank. In 2006, it was up 11 per cent.
""These are very strong growth numbers in terms of demand," said Mohr, noting the growth is fuelled by the demand for galvanized steel."
Re: PDZ - Prairie Downs Metals
And indeed The Speculator said in his online column today that PDZ has been sold down the last week by end of year tax sellers, and now represent an excellent buying op:
"Opportunities abound as profit takers sell down stocks to keep ahead of the taxman.
"PROFIT TAKERS OFFER WINDOWS OF OPPORTUNITY: Several of our portfolio stocks were aggressively sold down last week as profit takers unloaded their inflated paper on to the market. That pent-up selling pressure was to be expected following the end of the 2006-07 financial year on June 30. Sellers after that date could move their taxable gains into the new 2007-08 year and won't have to pay tribute to the taxman until after June 30 next year.
"The sell downs also present canny new investors with buying opportunities in companies with potential for further success, such as some of our prospectors with active field programs. Such stocks sold down last week include:
* Prairie Downs Metals (ASX code: PDZ), with a zinc-lead-silver project 110km south-east of the WA iron ore centre of Newman, sold down to a low of $1.05 last week from a pre-June 30 year's high of $1.30."
What The Speculator actually bought of course were the options - PDZO - which have also fallen back the last few days.
My own observation is that options move faster than shares, so I will stick with them, and maybe buy more this week.
And indeed The Speculator said in his online column today that PDZ has been sold down the last week by end of year tax sellers, and now represent an excellent buying op:
"Opportunities abound as profit takers sell down stocks to keep ahead of the taxman.
"PROFIT TAKERS OFFER WINDOWS OF OPPORTUNITY: Several of our portfolio stocks were aggressively sold down last week as profit takers unloaded their inflated paper on to the market. That pent-up selling pressure was to be expected following the end of the 2006-07 financial year on June 30. Sellers after that date could move their taxable gains into the new 2007-08 year and won't have to pay tribute to the taxman until after June 30 next year.
"The sell downs also present canny new investors with buying opportunities in companies with potential for further success, such as some of our prospectors with active field programs. Such stocks sold down last week include:
* Prairie Downs Metals (ASX code: PDZ), with a zinc-lead-silver project 110km south-east of the WA iron ore centre of Newman, sold down to a low of $1.05 last week from a pre-June 30 year's high of $1.30."
What The Speculator actually bought of course were the options - PDZO - which have also fallen back the last few days.
My own observation is that options move faster than shares, so I will stick with them, and maybe buy more this week.
doogie_goes_off
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Re: PDZ - Prairie Downs Metals
No doubt sidneysider is
all the way to the bank today, great drill results with good widths like 11m. Now that's good news. There is certainly plenty to get excited about, now it's just a matter of time and the support for PDZ should be overwhelming. Cu hits are interesting but of minor consequence, the presence of "stacked lodes" is great news, because once you are down there digging it up it costs alot less to jump 20m across and rip the next lode out too. Well done to longer term holders today.
No doubt sidneysider is
all the way to the bank today, great drill results with good widths like 11m. Now that's good news. There is certainly plenty to get excited about, now it's just a matter of time and the support for PDZ should be overwhelming. Cu hits are interesting but of minor consequence, the presence of "stacked lodes" is great news, because once you are down there digging it up it costs alot less to jump 20m across and rip the next lode out too. Well done to longer term holders today.
