Australian (ASX) Stock Market Forum

Iron Ore Junior Comparison

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vincent191 said:
So after reviewing the data who are the top ranking three candidates?
Click to expand...

It depends on your criteria. Everyone is going to want different things from a stock. Hence there are no 'best' or 'worst' merely different.
 
Agree with Prawn.

Off pure numbers I personally take notice of the lowest JORC DSO to MC comparison first.

DMM
GWR
FRS

Then you need to look at the quality of the IO such as impurities and depth, and then available infrastructure and country risk. Cash seems to be handy at the moment.

To decide on the best value/most potential, you might like to analyse the top 10, and then sort them out according to the other factors with some type of weighting system.

I'm looking for the most undervalued stock that should get re-rated.
 
This is a way of updating the data:

You need to close Excel, then download an Excel add-on from the Microsoft website - it uses the MSN Money website to get prices.
http://www.microsoft.com/downloads/details...;displaylang=en

When the download has been done, open Excel and note the floating toolbar that appears - drag this into the Excel toolbar.

Clicking on "Insert Stock Quotes" will open a window from where you can type in the stock code and enter the Exchange -

But in the specific case of the Iron Ore Juniors' spreadsheet, just go the the "SP" column and type =MSNStockQuote($A6,"Last price","AU") in cell D6 - then copy this formula down to the bottom of the table. (Cell $A6 contains the code of the company in question). Double click on "Update Quotes" in the new toolbar to update the quotes. (the "Update Quotes" tag will go grey for 5 minutes, after which you can update again.)

Hope this helps.
 
WRONG'UN said:
This is a way of updating the data:

You need to close Excel, then download an Excel add-on from the Microsoft website - it uses the MSN Money website to get prices.
http://www.microsoft.com/downloads/details...;displaylang=en

When the download has been done, open Excel and note the floating toolbar that appears - drag this into the Excel toolbar.

Clicking on "Insert Stock Quotes" will open a window from where you can type in the stock code and enter the Exchange -

But in the specific case of the Iron Ore Juniors' spreadsheet, just go the the "SP" column and type =MSNStockQuote($A6,"Last price","AU") in cell D6 - then copy this formula down to the bottom of the table. (Cell $A6 contains the code of the company in question). Double click on "Update Quotes" in the new toolbar to update the quotes. (the "Update Quotes" tag will go grey for 5 minutes, after which you can update again.)

Hope this helps.
Click to expand...
Yes!!

:eek:

You are now in charge of updating the list!

:)

I will try myself but, sheesh!!
 
OK, here's the 25 June version of the spreadsheet, with column D amended to the web import formula, and with the downloaded stock quotes add-on in the toolbar - see attached screenprint. The screenprint was made with the cursor on cell D6, showing the formula to be copied down that column - the row number will go up by 1 with each successively lower row of course - ie formula in cell D7 will be =MSNStockQuote($A7,"last price","AU") etc...

Edit: The spreadsheet I have posted seems to be updating OK - the SP column needs to be increased to 3 decimal places to pick up the smallest tick size.
 

Attachments

  • Iron Ore Juniors 25 June.xls
    44 KB · Views: 87
  • IOJ1.jpg
    IOJ1.jpg
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spooly74 said:
Company:Emergent Resources EMG
Shares on Issue: 42mill ord 21mill options
SP: 60c
MC (m) ~ 20 million (varies daily)
Cash (m) $1.1m this quarter, $1.7m previous
DSO (m/t) in exploration
Mag (m/t) in exploration
Prod tgt. This is what I'm waiting for. Have been some estimates on anns from memory but nothing concrete.
Comments: Main project is the Beyondie Magnetite Project.
(EMG earning 80%). Got on this a few months ago due to the low MC and the length of strike.Thinking of taking some profit now though. One to keep on the watchlist.
Click to expand...

EMG
Company has just signed an MOU with Chinese Investment Co Ltd (CMIC) for the development of Beyondie.

Key Points
*Non-binding MOU with China Metallurgical Investment Co Ltd (CMIC) for the
development of Beyondie Iron Project in WA’s mid-west iron ore region
*CMIC to commence three month due diligence period within the next month
*MOU provides for a 50:50 Development JV and provision of AUD$200m funding to achieve commencement of mining operations at Beyondie Project
*MOU also provides for a placement of shares and an options to CMIC to raise an estimated AUD$4.9 million as additional working capital for EMG

This is probably worth having its own thread now. I'll put some information together when I get a chance later.
 
WRONG'UN said:
OK, here's the 25 June version of the spreadsheet, with column D amended to the web import formula, and with the downloaded stock quotes add-on in the toolbar - see attached screenprint. The screenprint was made with the cursor on cell D6, showing the formula to be copied down that column - the row number will go up by 1 with each successively lower row of course - ie formula in cell D7 will be =MSNStockQuote($A7,"last price","AU") etc...

Edit: The spreadsheet I have posted seems to be updating OK - the SP column needs to be increased to 3 decimal places to pick up the smallest tick size.
Click to expand...

Great work and thanks

Did you leave AQA or just forgotten it :confused:
 
You guys are way ahead of me with your experience and analytical skills. Just thought I'd ask if Aurox [AXO] fits the bill?
Regards
Rick
 
I've added AXO in Rick.

Also EMG.

I've just updated the chart with surrent sp's to see how it's going. I haven't updated any of the resources, so if there's a major change let me know.

I've also added in the average price per ton of ore, for DSO and Mag and added at the bottom. This is a very rough guide to see where each company fits.

Cheapest for DSO in order:

GWR 0.2675
FRS 0.437048193
TLM 0.48403576

Average price: $6.19 per ton

Cheapest Magnetite:

BRM 0.059884286
SDL 0.136344086
GBG 0.192777778

Average: $0.92 per ton

On the raw numbers, GWR and BRM look very cheap.

BRM at 5c a ton for it's Mag looks out of place!!

Updated analysis attached. It's currently in alphabetical order. To sort by price per ton DSO or Magnetite, simply click on the arrow and sort smallest to largest.
 

Attachments

  • IO Junior Comparison.xls
    43.5 KB · Views: 36
Thanks Kennas
This version of the spreadsheet updates the share prices, if you have installed the stock quotes tab on the Excel toolbar.
 

Attachments

  • Iron Ore Juniors updateable.xls
    51 KB · Views: 45
It is still difficult to compare on those numbers alone I think. Infrastructure should be the main driver of share price.

Forgive me if my memory is bad, but GWR are nowhere near a rail line (is it in the mid-west past MMX etc, so more than 400 kms by road, to port).

FRS for example are 30kms to a rail line in the Pilbara.

BRM in the Pilbara too, have the line going through the tenament (although it's BHP's).

In the end, there is that much iron ore around, that large deposits will not be valued on a per tonne basis eg BRM.

If GIR were to drill up all of their tenaments, I think they would get more than 1 billion tonne of high grade DSO.....but it is all about location and timing!
 
Yes, I agree Grace.

But even if you're in a good spot you need some tonnage and quality.

Just a judgement call on all the required factors to make something a potential mine.

Maybe infrastructure is number one in our situation.
 
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