The next big Resource Stock?
- Thread starter Ken
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well have a look at A-cap resources it has non jorc uranium of 75mT @ between 0.015% to 0.03% in Karoo sandstone in Botswana
Was explored and drilled by a who's who of resource companies in the 1970's, but was not developed. They hold an extensive array of tenements which have not been subject to modern exploration. Warwick grigor estimates the total potential to be many multiples of the above figure, as only one area has been tested. The uranium occurs in sandstones up to 10m thick, only 1m from the surface making it very economic. It is large tonnage uranium. Indeed african labour will also help, and it is also listed on the Botswana stock exchange so the locals can benefit.
ACB asx code
http://www.acap.com.au/
similar to an early stage pdn.
price is 85cps, and mkt cap is about $80M. Drilling has commenced, and it has a 10,000m RC drill program, with a bit of diamond drilling as well.
Was explored and drilled by a who's who of resource companies in the 1970's, but was not developed. They hold an extensive array of tenements which have not been subject to modern exploration. Warwick grigor estimates the total potential to be many multiples of the above figure, as only one area has been tested. The uranium occurs in sandstones up to 10m thick, only 1m from the surface making it very economic. It is large tonnage uranium. Indeed african labour will also help, and it is also listed on the Botswana stock exchange so the locals can benefit.
ACB asx code
http://www.acap.com.au/
similar to an early stage pdn.
price is 85cps, and mkt cap is about $80M. Drilling has commenced, and it has a 10,000m RC drill program, with a bit of diamond drilling as well.
Out Too Soon
My real name is King Julian ;)
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chicken said:KEN, look at SMM....and research it.....this will be the next BIG resource stock in VALUE.....Do your research.....
That rusty old barrow (SMM) has been well & truly pushed, wheras a-cap is something that came up in a scan I did yesterday although it would seem to have already done the bolt it seems relatively unknown. A missed opportunity!
Out Too Soon
My real name is King Julian ;)
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BSG, Bolnisi is well & truly known but next year they start producing gold & silver from one of their mines in Mexico. As long as the POG or POS (price of silver/gold) holds up the sp will take off. They're even going to start paying dividends.
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Out Too Soon said:
Rusty old barrow?? i dont think you'll be stating that when JORC comes out. i think every one will be in for a huge suprise. maybe you should go back through reports and take a look at the grades on deposits that will be JORC by end of year.
in terms of undervalued uranium id say MTN is still undervalued. although it has had a good run from 75 cents to current sp.
zinc players will still have a good run over up coming weeks, KZL, ZFX, CBH. zinc is up along with copper on more supply concerns.
nickel is still under the spotlight with supply concerns.
in terms of finding the next big stock, that is quite hard. the way i do it is to find companies that are undervalued for their resources and exp targets. and if you find an ann that a company has hit a huge resource just compare their market cap to other companies with similar deposits then you will have some idea of what their market cap should be.
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If a resource stock makes it to the ASX 100 it has reached the big stage, imho.
However, Woodside Lakes Entrance Oil ( Woodside Petroleum ), was a minnow in the 1960's and ever so gradually developed the North West Shelf discoveries. Aussie Governments pride and joy now, though once they wouldn't cough up a cent to help.
BHP started at Hummock Hill ( Whyalla ) and has built itself up over a very long period to one of the Worlds largest resource companies. Swallowed up some big companies during stock and resource price crashes. Disgorged OneSteel and thanked Hummock Hill by covering it in red iron ore dust.
So really it's a matter of what company hits pay dirt or manages to keep its stock held very tightly whilst making merger after merger along the way, lots of cash to develop, combined with good hands on management.
However, Woodside Lakes Entrance Oil ( Woodside Petroleum ), was a minnow in the 1960's and ever so gradually developed the North West Shelf discoveries. Aussie Governments pride and joy now, though once they wouldn't cough up a cent to help.
BHP started at Hummock Hill ( Whyalla ) and has built itself up over a very long period to one of the Worlds largest resource companies. Swallowed up some big companies during stock and resource price crashes. Disgorged OneSteel and thanked Hummock Hill by covering it in red iron ore dust.
So really it's a matter of what company hits pay dirt or manages to keep its stock held very tightly whilst making merger after merger along the way, lots of cash to develop, combined with good hands on management.
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This post is just asking for rampers...
I don't think CAZ will ever be a BHP. I wasn't suggesting that. My prediction is presumption based on past company performance. Some people think it's a spec but other's think it's a long term option. I just think it's a long term option. It's not the only one around that could do well but it's almost the same position as Cudeco (is that what AMI call themselves now?) was before they hit the seam. I did well out of that but I lost nerve at $3.50. I just didn't have enough to take enough benefit from it. Anyway, I degress, perhaps this post belongs in another forum.
dj_420 said:
Agree
What is the definition of big resource stock?
If its >$1billion, then my money is on CBH, due to increased earnings through their production pipeline and rising zinc spot price. Like iv said in the past, they should be trading on a earnings multiple more like KZL (~10x) than ZFX (~5x).
If its >$5billion, then PDN.
If its >$500million, then OMC.
If its >$10billion, then ZFX. And soon.
Perhaps you are right in me being overly optimistic. But I am a small investor and I don't have a large position. I never put more in that I can afford to lose. It's my holiday income. If I make I take a break.
I agree about ZFX and OMC - good choices. I have some of these too. I never jumped on ZFX when I should have
(Perhaps I should upgrade my compter - it just crashed)
I agree about ZFX and OMC - good choices. I have some of these too. I never jumped on ZFX when I should have
(Perhaps I should upgrade my compter - it just crashed
)
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ts2000 said:
maybe if they win their legal battle with rio. otherwise no chance.
