TZN - Terramin Australia

[Prospector]

Good grief, just topped up and minutes later its ahead another 8c! What is happening today! And guess which clever Gal has this in the current comp!

Might change to wearing nickel, methinks....

 

[YOUNG_TRADER]

Might change to wearing nickel, methinks....

You mean Zinc don't you?

lol good thing your so attractive :

 

[powerkoala]

Will this goes to 1.60 ?
almost sell it at 1.45.
think and waiting for next clue...

 

[Prospector]

You mean Zinc don't you?

lol good thing your so attractive :

And blonde

Serves me right for looking at the SMY post just before

 

[ctp6360]

Why the hell didn't I buy more of this, I'm now up 76% on my money!
Unbelievable, does anyone know why this is up over 20% today?

 

[ctp6360]

I know you're not meant to get emotionally involved with your stocks but

OH YEAH!!!!!! WHAT A GREAT DAY THIS IS!!!!! Up 30% and its just going insane!

 

[michael_selway]

Why the hell didn't I buy more of this, I'm now up 76% on my money!
Unbelievable, does anyone know why this is up over 20% today?

annoucement about belwo i think

TZN: Terramin drilling confirms large Menninnie deposit

thx

MS

 

[powerkoala]

Should buy more...............
Crap.....

 

[YOUNG_TRADER]

Peeps, was just taking another proper look at TZN,

I may have really undervalued its 2nd project with ZFX its Menninnie Project, TZN 80% ZFX 20% (with a ZFX option to increase to 70% thus TZN decrease to 30%)


Check the uploaded ann, but this project could be a wild card for TZN, it could also be the additional sweetner for ZFX to do a t/o of TZN once Angas is up and running,


Project 3 (Oued Amizour 30Mt @ 5.5% Zn + 1.4% Pb) has significant upside but is at least 18months away



Anyone else have thoughts on this second project?

Guys I have been calling this stock for awhile now and while there may be further gains in the next few days with upcoming release of feasibility in terms of % gains its not that great, ie $1.80 - $2 is 10%

But @ these level I took profits off the table, stock should eventually fall back until mine construction starts,

I have bought up more JML,

 

[Prospector]

Has to stay up at least until Friday's close.........

 

[Fab]

Why should JML follow the same path as TZN ?

 

[YOUNG_TRADER]

Hmmm not sure about AIM,

But I have done a full comparitive analysis for JML and TZN

if someone tells me how I will upload an Excel Document showing this,

TZN should have a value of $1.35 - $2 based on NPAT of between $20 -$30m using a PER of 6x (as the mine life is 7yrs)

Thats just its Angas Project where the new feasibility is due out very soon, previous one was EBIT of $111m using Zinc price $1,500t and deposit 1/4 qtr the size what it is now, ie new feasibility will be based on Zinc of $2,200 t + (note spot $2,400+) and deposit 4x as big (due to lots and lots of drilling)


Now in Africa they have acquired a 60% interest in Oued Amizour, a project that has been identified as 30mt @ 5.5% Zn + 1.4% Pb which would give that deposit an in ground value of $3.5billion AUD, thats $3.5Billion but note this project is ery early stages requiring new drilling to confirm previous drilling and estimates and the value is simply in ground, ie not NPV at all.


As I said, let me know how to upload an excell file and you can see how I crunched the numbers

I think anything above $1.50 is too much in the short term, although, like Uranium there is a certain mix in the air surroundin Zinc, smart peeps start cashing in those profits!

 

[YOUNG_TRADER]

Why should JML follow the same path as TZN ?

Sorry don't like spoon feeding , check the threads I have put up more than enough info there, ie see JML thread, I have also done an excel valutaion, see how that compared with my excel valuation on TZN

 

[powerkoala]

Is this nuts?
going 1.93 now
wow i really mad for selling to early.... :swear:

 

[Fab]

I just bought at $1.70 a bit high but I hope it will keep going up

 

[ctp6360]

Based on the graph my thoughts are that this is going to keep going up, this isn't just a once off, this stock has been making steady gains for a while now. However, I place a lot of faith in what YOUNG_TRADER says, which makes me think I should have exited in the 1.90s today while I had a chance.

 

[powerkoala]

bought twice ...
sell twice ...
both too early.... :swear:
guess going to enter again soon

 

[ctp6360]

There isn't really enough volume for me to sell without taking some serious slippage, I'm going to wait this one out!

 

[YOUNG_TRADER]

Don't fret, feasibility will be released Friday or Monday, so Stock may re-test $2,


Had my fun, enough for me, RSI is climbing close to 95, anything over 80 is meant to be overbought and 95 well thats bubble type stuff,

I would expect to see it close @ $1.60 - $1.70,

But must stress, its 2nd project with ZFX is still exploration type stuff and its Angas Zinc project is worth max $1.50 per share, check my excel sheet, now I am concerned because as its debt finance they may hav to hedge,

IMO CTP, ANTS and anyone else who cares to listen, JML is a heavily undervalued Zinc Copper + Silver play,

Just like with TZN market doesn't realise it yet, but JML has the lowest cash costs per lb zinc 10c thats nearly half of TZN's, so take a look, because sooner or later the market certainly will

 

[ctp6360]

I sold out at $1.75, I regret that I didn't sell today at $1.95 but unfortunately I was out at K-mart, ha ha ha.

Anyway I locked in the bulk of my profit, I bought 50,000 shares at $0.955 on 3rd of April, so a $41,650.29 profit in 23 days isn't too bad!

Anyway I still like this one, I'm still a bit pissed about this sudden jump today, this one was increasing at a nice steady rate, and now with this big jump I fear that the volatility will send people bonkers, I'll keep watching though.