SRZ - Stellar Resources
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Ah.... another MTN...
yes, time will tell...
But i don't have the same level of confidence in this one as i had with MTN, i guess i knew a lot more about MTN's deposit and resource before i jumped into that one...
Plus, once ButterNuts put their bid in at 60 odd cents, it really helped make up my mind...
With Stellar, its a matter of waiting for the results and announcements...
to quote YT
Thats 30% free carried...which is approx 2.5Mlbs at $10/lb, approx worth 25m, plus cash/shares to take it over 30m....That equates it to a SP of atleast 50c.
Now i am sure i'm missing something here but the drill results due out in the next few months will tell the tale...
But its the chart tho that really interesting with a solid base formed around the 25cent mark... to me that holds a fair bit of value.
yes, time will tell...
But i don't have the same level of confidence in this one as i had with MTN, i guess i knew a lot more about MTN's deposit and resource before i jumped into that one...
Plus, once ButterNuts put their bid in at 60 odd cents, it really helped make up my mind...
With Stellar, its a matter of waiting for the results and announcements...
to quote YT
Thats 30% free carried...which is approx 2.5Mlbs at $10/lb, approx worth 25m, plus cash/shares to take it over 30m....That equates it to a SP of atleast 50c.
Now i am sure i'm missing something here but the drill results due out in the next few months will tell the tale...
But its the chart tho that really interesting with a solid base formed around the 25cent mark... to me that holds a fair bit of value.
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Consolidating just below 35c awaiting drilling results at its Warrior Uranium deposit, if positive could easily emulate MTN/AGS/PNN/CUY the only other players with Uranium Resources in Sth Aust
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
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
- Joined
- 18 February 2006
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Just cleared about 200k and 35c resistance, potential breakout alert, results? sniff sniff sniff ? ? ?
- Joined
- 13 April 2007
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Indeed - 35c is significant! It hasn't been at that level since January.
Thanks for your analysis Young Trader - it convinced me to get in with another batch - 31.5c in the lull yesterday.
Bring on the breakout!
Thanks for your analysis Young Trader - it convinced me to get in with another batch - 31.5c in the lull yesterday.
Bring on the breakout!
Sean K
Moderator
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Yep, looks good. Another perspective here.This one really looking the goods.
Im gonna get some 2mrw, its just too cheap.
And nice to see it find some support at the 200dma. Probably put a stop just under that and she'll be aight
(recently sold out at 33, but will be back in)
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- 1 January 2007
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Hi
SRZ Just posted there report today looks very interesting... will try and copy the highlights it up here
SRZ Just posted there report today looks very interesting... will try and copy the highlights it up here
After the Uranium outcomes on the weekend, this one looks decidedly cheap in comparison to some of the other players who have exposure to the SA uranium market. Market cap only $21 million!
TOE and USA have both leapt forward today, and both have JV with SRZ as i understand.
I think SRZ have a way to go yet given their exposure to uranium.
TOE and USA have both leapt forward today, and both have JV with SRZ as i understand.
I think SRZ have a way to go yet given their exposure to uranium.
- Joined
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The announcement today re the share placement (8.4 m @.35) provides a great foundation for future support combined with some great timing to release with an inclusion re the Warrior uranium project JV with Toro.
Any thoughts?
Any thoughts?
Good work Abyss.
Yes, might take the market a couple of hours to take note of this one IMO, but this is extremely positive.
These placements are usually done at very decent discount to the current trading price, so a 35 cent purchase is a very good sign.
Yes, might take the market a couple of hours to take note of this one IMO, but this is extremely positive.
These placements are usually done at very decent discount to the current trading price, so a 35 cent purchase is a very good sign.
- Joined
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I'm still trying to work out if SRZ is going to take off or it's a company that will just move in small amounts... I know things are moving with SRZ this is why I'm a share holder and looking to get more. But I do wonder why the greater world has not joined the band wagon...
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Well..I joined last week...$4k buys a hell of a lot of SRZ shares. Everyone has a spec play..and this is mine
....
..
..PG
- Joined
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I'm a small time player...but at the end of the day I still look for value.
All exploration stocks are over valued based on earnings. However, this little one seems to be more reasonably valued than most.
I think thats what is driving the buying.
Then again..I could be talking out of my backside
All exploration stocks are over valued based on earnings. However, this little one seems to be more reasonably valued than most.
I think thats what is driving the buying.
Then again..I could be talking out of my backside
- Joined
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Well I guess I had been holding on for so long and when I open my mouth I get shot down... always the way .... Go SRZ....
- Joined
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Results are out see for Warrior drilling, see TOE announcement,
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 intial results are 1-5m intercepts grading 200ppm - 900ppm
SRZ will release an announcement soon as well
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[/QUOTE]
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 intial results are 1-5m intercepts grading 200ppm - 900ppm
SRZ will release an announcement soon as well
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[/QUOTE]
