Medium risk; OZL, Cash + PH, in the medium risk until commisioning of PH is done EQN, similar to OZL with PH. KZL debt issues but under control with cash flow? gold and nickel assets. Prefer JML,PNA on the smaller side.
High risk; ABY, debt and high cost issues, management issues. AVM cap raising, cash flow negative?? Congo discount.
Exploration;
Look for high grades and potential low cost producers, low capex to production ect since copper is not $4/lb anymore. Cash to back up exploration and management as always.
RXM drilling in south australia, massive targets. CDU maybe, as always... ERL too small? CRJ No cash CSE maybe, is the resource big enough? DML backed by MQG, compared to CSE more likely to produce. EXS Still trying to entice Xstrata into copper assets?, gold production jv. Est copper price used US$2.5/lb in BFS....likely EXS need higher prices and Co/Magnetite credits but looks like good option on higher prices, gold and exploration. U in concentrate possible? IRL Small production buy may lead to bigger things in India?? Low cash and cash flow negative. IVA Main game is Merlin (sold at 70c....) but other copper assets also need higher prices, good option on Merlin and copper prices but perhaps too high atm? HAV copper and gold assets trying for production, check costs ect. PDZ Zinc exploration focus? FNT low grade, management issues RBM Maybe, trying to leverage off U leases? TGS/WME high grade but in Congo. SRL more leverage to coal? IRN cheap, good option on higher copper prices but needs Xstrata, capex is massive. HIG ditto IRN but significant cash and nickel assets should see break 11c soon. AZS has grade but needs tonnes, Japanese funding other exploration.
The dogs URL low grade, possible high % gains from a low base. GCR low grade, high capex/copper t produced
Others BHP, RIO
Zinc stocks with copper. TRO medium copper grade but mostly zinc leverage BSM Small copper production and resources
