STN - Saturn Metals

[System]

Saturn's primary objective is to pursue mineral exploration of resource opportunities that have the potential to deliver growth for Shareholders, with an initial focus on the Apollo Hill and Ra Resource areas near Leonora in Western Australia. The Company also intends to assess the acquisition of complimentary tenements and projects as and when those opportunities arise.

Funds from the IPO will be used to immediately commence exploration on the Company's Apollo Hill and Ra Resource areas, conduct further exploration activities within those areas to identify and grow new higher-grade gold lode/vein exploration targets and commence a cost-effective exploration program across the Tenement package seeking to identify a large new Archaean Lode Gold deposit.

It is anticipated that STN will list on the ASX during March 2018.

http://www.saturnmetals.com.au

 

[samuilk]

Good post thank you

 

[Miner]

Saturn's primary objective is to pursue mineral exploration of resource opportunities that have the potential to deliver growth for Shareholders, with an initial focus on the Apollo Hill and Ra Resource areas near Leonora in Western Australia. The Company also intends to assess the acquisition of complimentary tenements and projects as and when those opportunities arise.

Funds from the IPO will be used to immediately commence exploration on the Company's Apollo Hill and Ra Resource areas, conduct further exploration activities within those areas to identify and grow new higher-grade gold lode/vein exploration targets and commence a cost-effective exploration program across the Tenement package seeking to identify a large new Archaean Lode Gold deposit.

It is anticipated that STN will list on the ASX during March 2018.

http://www.saturnmetals.com.au

I am watching with interest to see what price it gets listed. Did not apply on IPO however

 

[samuilk]

I am watching with interest to see what price it gets listed. Did not apply on IPO however

Yeah me too hehe, I didn't buy because 2,000$ minimum. But hopefully we see it increase once its listed!

 

[finicky]

For me, a totally convincing thesis from BtL finance. I can never wait so bought 10,000 shares @ the intraday high of 40c but will look more more at a lower price. Never thought I'd buy a story on a 0.8g/t resource but live and learn. More on the 'thesis' some time but here it is from from the original:

 

[finicky]

Dialled up a notch and doubled my investment today @ 0.42
Will add if there's weakness.
Saturn Metals M.D address at RIU Explorers Conference feb 2022

 

[finicky]

Only thing that makes a day like this feel better is to BUY.
Sitting bid filled for more @ 0.395
I think the argument made by BtL for GMD taking STN out one day are persuasive. A large open pit modelled that, while lowish grade, is high quality and next door to GMD.

 

[finicky]

Miniscule volume but STN down almost 8% intraday at the 'make or break' level of 0.35
Kind of interested in a nibble but I'm frittering away my cash on non performing specs lately and committed to spend more soon on the OZM share purchase plan.
If only I could be patient about entering these fricken things - they always get cheaper on me with enough time.
A month ago STN still had $9.5m in the bank to play with - 03 May presentation.
Correction of earlier post - they only get a MRE grade of 0.6%, not 0.8% as I thought. So 1.47m ozs from one big pit @ 0.6% I think. But with good gravity portion of recovery and fast, low cost cynanide recovery of remainder for overall > 90% recovery. They are at pains to show theoretically that this all compares well with actual low grade bulk mining 'peers'. Hope BtL is right on this one, it's new territory for me.

All Data Daily

 

[finicky]

Last price 0.13!
Yes so time to withdraw any enthusiasm I showed for this stock. No interest in it on the bourse - down 10% today on $10k worth of volume. Thanks BtL finance on Patreon, it's been a thrilling ride (my buy-in on his commentary @ 40c)
To rub it in I notice that our faithful servant the M.D of Saturn recently had a pile of 'performance shares' vested at zero cost to him. He has another 2 million of them waiting in line, so he should do ok. Anybody pondered as to why they award themselves performance shares these days instead of options - they pay nothing for the vestment and vestment is entirely divorced from the share price performance. Getting really annoyed by this segment of society.

Edit: oh yeah, they raised 3.8m from a rights issue @ 0.18 only 2-3 months ago

Held

 

[finicky]

BtL Finance on Patreon did another vid on this on Sunday.
Doubt I'll watch it as I no longer have skin in the stock and it's highly unlikely I'll have a reignition of interest in this brilliant idea. Should've stayed true to my gut instinct on such a low grade project whose raison d'etre seems to be as a target for acquisitive regional operations looking for scale or mill feed.
I forgot to mention here that I sold for a 2023 tax loss @ 0.18 in June. I think I did about 8 grand on it.

Not Held

 

[Miner]

@finicky @Dona Ferentes @Sean K @peter2 and et.al
Is anyone other than Finicky is following /trading STN?
It has a low volume and is slightly higher than the CR recently.
How do you see it ? Heap leach is not my strongest liking. The only weakness I have lived and worked in Leonora and have some emotional weaknesses around the KOOKYNE area.

 

[Sean K]

@finicky @Dona Ferentes @Sean K @peter2 and et.al
Is anyone other than Finicky is following /trading STN?
It has a low volume and is slightly higher than the CR recently.
How do you see it ? Heap leach is not my strongest liking. The only weakness I have lived and worked in Leonora and have some emotional weaknesses around the KOOKYNE area.

Hi Miner, I haven't really been following. Might have looked at it briefly but not followed due to low grade. Something around .5g/t probably needs much more tonnage with a much longer LOM. That's porphyr grades and I don't think it's porphyry. If they can get the capex and be producing 120Kpa then their MC looks pretty cheap under $30m. Chart looks pretty ordinary like a lot of junior goldies in similar position. Maybe the market doesn't think it's high enough quality to get the capex?

 

[Miner]

Hi Miner, I haven't really been following. Might have looked at it briefly but not followed due to low grade. Something around .5g/t probably needs much more tonnage with a much longer LOM. That's porphyr grades and I don't think it's porphyry. If they can get the capex and be producing 120Kpa then their MC looks pretty cheap under $30m. Chart looks pretty ordinary like a lot of junior goldies in similar position. Maybe the market doesn't think it's high enough quality to get the capex?

Thanks a lot @Sean K

 

[Faramir]

I am choosing Saturn Metals STN for May 2024 Stock Tipping Competition.

I wish I picked this last month.

 

[mullokintyre]

I have added to the STN register today.
Another micro goldie that may well take off in the final phase of the gold frenzy.
Mick
PS - its still at 24.5 cents as it was when @Faramir posted above.

 

[houtman]

I have added to the STN register today.
Another micro goldie that may well take off in the final phase of the gold frenzy.
Mick
PS - its still at 24.5 cents as it was when @Faramir posted above.

They look to be a good call on the gold price, and currently have a EV of about $60m with an Apollo Hill Project NPV(7) at A$2,665/US$1,785 Gold of $388M (August 2023).

The low grade and heap leach are unusual for Australia.

Here's a presentation -



Held

 

[finicky]

Still an MRE grade of 0.4 g/t? Or was it 0.6g/t?
Thanks again BtL finance, you were worth every penny.

Not Held

 

[houtman]

Still an MRE grade of 0.4 g/t? Or was it 0.6g/t?
Thanks again BtL finance, you were worth every penny.

Not Held

0.54g/t with a 0.2g/t cut off I believe.

Throw it on the heap and leach it.

Punt only for me, it’s an interesting development.

 

[finicky]

BtL's argument was that it is a target for consolidation in the area, e.g maybe Genesis Minerals (GMD) as acquirer.

 

[mullokintyre]

poked above 30 today.
Question is how far will it go?
Should i take the 25% profit now and find something else, or just hang on?
Sellers pretty thin on the ground, not a highly traded stock.
Might wait a bit as I have nothing I want to buy into at the moment.
mick