SRZ - Stellar Resources
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Jumped on today, any opinions on SRZ, tech trade for me I don't even know what their up to. 
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It was mentioned in the BLR thread today.
https://www.aussiestockforums.com/forums/showpost.php?p=112516&postcount=75
https://www.aussiestockforums.com/forums/showpost.php?p=112516&postcount=75
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gresim25 said:
gresim25 it looks as if you will be able to load up further as the SP falls.
MiningNews.net
Jemma within the BLR thread did say SRZ was potentially the next big mover, just didn't mention if that was up or down. Luckily I hold BLR and SRZ, but I think my stop loss will cut in tomorrow for SRZ as it falls further.
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TradeStats said:Jemma within the BLR thread did say SRZ was potentially the next big mover, just didn't mention if that was up or down.
LOL that's cruel.
Sean K
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Gents,
Can I please encourage you to generally include some more analysis and detail in your posts here.
I would also like to point out that inflamatory language like 'loading up' is interpreted as ramping.
Also, please ensure that if a stock is identified by other members on no factual fundamental or technical analysis that you do not even begin to promote that as a recommendation, no matter who has stated it, or what their record is like. I am not saying that you personally would be influenced but there are many many members and visitors watching these threads and are trying to make informed investment decisions.
Lets see some facts and figures, please.
All the best,
Kennas
Can I please encourage you to generally include some more analysis and detail in your posts here.
I would also like to point out that inflamatory language like 'loading up' is interpreted as ramping.
Also, please ensure that if a stock is identified by other members on no factual fundamental or technical analysis that you do not even begin to promote that as a recommendation, no matter who has stated it, or what their record is like. I am not saying that you personally would be influenced but there are many many members and visitors watching these threads and are trying to make informed investment decisions.
Lets see some facts and figures, please.
All the best,
Kennas
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gresim25, my stop loss did kick in and I sold @ 0.306 (bought @ 0.285), happy to leave on the profit side. May consider rentering if price falls further, will watch for the next few days. Must say at this stage is appears to have held well considering an average announcement and some unfavourable press.
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doogie_goes_off
disbelieve if you can
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Stellar a fizzer? Maybe the long flat graph is a long term recognition that Alpine Copper is a project bereft of economic significance, a reasonable access site with limited tonnage and low grades. Their mineralisation looks like a besshi style system - extensive, low grade and prob sub-economic forever.
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I think SRZ is one the most undervalued Sth Aust advanced U companies around
(and so I bought 100k today)
60M shares means that at 28c mkt cap = $17m
Compare that with the Mkt Caps of the following grass roots explorers
SIM $35m
SNU $50m
USA $35m
UXA $40m
Clearly undervalued based on those comparisons alone
Has cash of $3.5m + 10m USA shares @ 35c = $3.5m
So $7m in assets which means $10m is its Enterprise Value,
Now heres the kicker,
SRZ's Warrior is a pre JORC compliant deposit, 11.8Mt@ 0.034%U3O8 = 8.8Mlb's U3O8
TOE funding exploration to earn 70%.
Not much value left in Sth Aust U sector ahead of Labour Party conference, but here is 1
(and so I bought 100k today)
60M shares means that at 28c mkt cap = $17m
Compare that with the Mkt Caps of the following grass roots explorers
SIM $35m
SNU $50m
USA $35m
UXA $40m
Clearly undervalued based on those comparisons alone
Has cash of $3.5m + 10m USA shares @ 35c = $3.5m
So $7m in assets which means $10m is its Enterprise Value,
Now heres the kicker,
SRZ's Warrior is a pre JORC compliant deposit, 11.8Mt@ 0.034%U3O8 = 8.8Mlb's U3O8
TOE funding exploration to earn 70%.
Not much value left in Sth Aust U sector ahead of Labour Party conference, but here is 1
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SRZ
Mkt Structure
Shares
60m fully diluted
Mkt Cap @ 25c = $15m
Mkt Cap @ 50c = $30m
Mkt Cap @ 75c = $45m
Cash
$3.5m
Listed Investments
10m USA @ 35c = $3.5m
Mkt Cap Comparison with peers
SIM $35m
SNU $50m
USA $35m
UXA $40m
Projects
Warrior Uranium, 30% Free Carried by Toro, S.A.
Pre JORC Compliant Deposit 11.8Mt@0.034o8 = 8.8M lb's u3o8
Net to SRZ = 2.64M lb's u3o8
Take Over value @ $15 lb (what PDN has been doing) = $40m = 66c SRZ
Toro has just begun a drilling program with results due Late April (excellent timing!)
Tarcoola Uranium, 30% Free Carried by USA, S.A.
Bunch of licences in Sth Aust, USA abbout to commence exploration work soon.
Alpine Copper, 100%, Tas
Lots of 50m @ 0.5% Cu intersections and not too deep wither, ie 20-40m from surface, interesting,
More drilling underway
IOCG Olympic Dam type IOCG, various JV's, S.A.
A few JV's, free carried, searching for next Olympic Dam
Tin Tin, 100%, Tas
Apparantly some excellent Tin projects, company is drilling currently, maybe looking at spin off per comments last ann
Summary
With a mkt cap of $17m, with $7m in liquid assets SRZ appears undervalued on a peer comparison basis,
In addition to this Warrior host a pre JORC days Uranium deposit of nearly 9mlb's of low grade Uranium,
SRZ also has a few other intersting projects,
IMO one of the last DECENT Aussie U plays with a mkt cap under $20m
Mkt Structure
Shares
60m fully diluted
Mkt Cap @ 25c = $15m
Mkt Cap @ 50c = $30m
Mkt Cap @ 75c = $45m
Cash
$3.5m
Listed Investments
10m USA @ 35c = $3.5m
Mkt Cap Comparison with peers
SIM $35m
SNU $50m
USA $35m
UXA $40m
Projects
Warrior Uranium, 30% Free Carried by Toro, S.A.
Pre JORC Compliant Deposit 11.8Mt@0.034o8 = 8.8M lb's u3o8
Net to SRZ = 2.64M lb's u3o8
Take Over value @ $15 lb (what PDN has been doing) = $40m = 66c SRZ
Toro has just begun a drilling program with results due Late April (excellent timing!)
Tarcoola Uranium, 30% Free Carried by USA, S.A.
Bunch of licences in Sth Aust, USA abbout to commence exploration work soon.
Alpine Copper, 100%, Tas
Lots of 50m @ 0.5% Cu intersections and not too deep wither, ie 20-40m from surface, interesting,
More drilling underway
IOCG Olympic Dam type IOCG, various JV's, S.A.
A few JV's, free carried, searching for next Olympic Dam
Tin Tin, 100%, Tas
Apparantly some excellent Tin projects, company is drilling currently, maybe looking at spin off per comments last ann
Summary
With a mkt cap of $17m, with $7m in liquid assets SRZ appears undervalued on a peer comparison basis,
In addition to this Warrior host a pre JORC days Uranium deposit of nearly 9mlb's of low grade Uranium,
SRZ also has a few other intersting projects,
IMO one of the last DECENT Aussie U plays with a mkt cap under $20m
Sean K
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Looks interesting YT. The tenaments in the Gawler look prospective. As does Warrior. Needs to pluck some decent drill results soon though. The Paydirt 06 streaming conference on their web site covers it pretty well less recent news of course. http://www.stellarresources.com.au/Presentations.html#
The 'Hoistem' system looks interesting. Also note the IOCGU comments around the 'Olympic' domain.
1 year chart looks like 25 cents is a bottom, but large decending triangle isn't that flash. Short term resistance at 28-30 cents, but long way to go to beat the gradual upper resistance line trend down. Possibly 35 cents, where there'll be lots of static. Very short term looks up at the moment though.
As you have clearly pointed out, very small market cap for some prospective U assest in SA, which will be the State to benefit most from the Labor policy change. I see people switching from QLD/WA players into SA/NT once the State Premier policy's become general knowledge.
The 'Hoistem' system looks interesting. Also note the IOCGU comments around the 'Olympic' domain.
1 year chart looks like 25 cents is a bottom, but large decending triangle isn't that flash. Short term resistance at 28-30 cents, but long way to go to beat the gradual upper resistance line trend down. Possibly 35 cents, where there'll be lots of static. Very short term looks up at the moment though.
As you have clearly pointed out, very small market cap for some prospective U assest in SA, which will be the State to benefit most from the Labor policy change. I see people switching from QLD/WA players into SA/NT once the State Premier policy's become general knowledge.
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Since the below post, SIM has moved up to a $50m mkt cap,
I still think SRZ is by far the most undervalued advanced explorer in Sth Aust,
If we look at the Non-JORC compliant deposit that was established, being 11.8Mt@0.034 u3o8 = 8.8M lb's u3o8
30% Net to SRZ = 2.64M lb's u3o8
Take Over value @ $15 lb (what PDN has been doing) = $40m = 66c SRZ
@28c SRZ mkt cap = $17m, if we take a way the $7m cash + listed invbestments, then the balance = an EV of $10m, thus using the 2.64m lb's of Uranium (pre JORC compliant) SRZ is trading on a an EV of $3.80 per lb U
Value here!
I still think SRZ is by far the most undervalued advanced explorer in Sth Aust,
If we look at the Non-JORC compliant deposit that was established, being 11.8Mt@0.034 u3o8 = 8.8M lb's u3o8
30% Net to SRZ = 2.64M lb's u3o8
Take Over value @ $15 lb (what PDN has been doing) = $40m = 66c SRZ
@28c SRZ mkt cap = $17m, if we take a way the $7m cash + listed invbestments, then the balance = an EV of $10m, thus using the 2.64m lb's of Uranium (pre JORC compliant) SRZ is trading on a an EV of $3.80 per lb U
Value here!
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I'm curious to hear thoughts and opinions on my reasearch and why SRZ so far is flying under the radar,
I would have thought that a company which has a pre-jorc compliant deposit (just like MTN had back when I first started posting about it at 60c) is a much safer and better bet than a pure exploration play like SIM or SNU
Thoughts? Feedback?
I would have thought that a company which has a pre-jorc compliant deposit (just like MTN had back when I first started posting about it at 60c) is a much safer and better bet than a pure exploration play like SIM or SNU
Thoughts? Feedback?
Sean K
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I think because it's handed 70% to TOE and USA of it's two main U plays. People probably don't realise the potential. Perhaps there's doubt about the Warrior. TOE even stated in an ann there was 'uncertantly'. However, it's clearly got U in the channel going through the EPL, so we'll have to see what the drilling produces.
