Weekly Fundamental Analysis Prospects - Week Starting 9th April 2012 (No. 10)
Here’s this week’s FA List. The newer items first and those carried forward from last week towards back of list (some of the items from last week have a time horizon of more that one week).
Again, I have taken the liberty of adding some info where it was unclear or fixing typos where I came across them. Hope no one minds. I have reduced the list to 10 or so items again. If you would like me to change your item then please let me know and I will update and I will re-issue. Will open for submissions on next week’s list this Friday after market close. All market caps are undiluted and were correct at time of posting (Note: Max time for any entry on list will be 4 weeks after which time it will be removed).
Important Note: Remember just because it appears on the list does not necessarily mean it will rise in price... it may actually fall or do nothing. So it is critical that research it first and make your own mind up to invest or not. I suggest you run a stop-loss at all times when trading/investing. How tight your stops are depends on your threshold to risk and financial pain. Lastly I take no responsibility for the accuracy of the information provided by Spotters as I do not have the time to research all the facts that have been provided. Best of Luck.!
QPN -Oil/Gas in Indonesia in the South Sumatran Basin. Has large land holding in hydrocarbon rich South Sumatran Basin region. Recent “Joint Study” estimates un-risked potential resources of 55m Bo or 140Bill CF... Recent gas discovery made 50km north of Quest’s 80% owned Ranau production sharing contract (PSC). The 3 Sumatran basins (North, Central and South) combines to have (47,000 MMboe) of prospects which is nearly twice that of Australia’s North West shelf (29,000 MMboe) but Sumatra has a much higher density of oil and gas discoveries. The PSC has significant oil and gas prospective resources in four new and very lightly explored sub-Basins which form an extension of the prolific South Sumatra Basin. - Gas discovered in this area can be rapidly commercialised through the South Sumatra – West Java (SSWJ) gas transmission pipelines and processing infrastructure which supply large markets in Sumatra, West Java and Singapore. (Market Cap: $12.2m) Spotted By: Freehold (Position Held)
AIW - Rare Earth Elements, Uranium, Lithium and Gold. in USA Arizona, Nevada New Mexico and Texas. AIW had fallen out of favour and management has left a lot to be desired in the past – but company has turned things around and moved off its SP lows. Management numbers trimmed recently - reducing overheads, and TSX listing put on hold to trim Costs. Quoting AIW on the REE “La Paz” targets…. “extremely positive attributes that many of its peers don't have: high tonnage, homogenous mineralization from surface to +40m, good mineralogy, no thorium or uranium issues (<10ppm U and Th), positive metallurgy, excellent site and infrastructure, low jurisdictional risk location in the USA.”. Has been forgotten of late – but I believe it is in with a good chance – with drill/test results overdue – and exposure to a nice mix of Lithium, REE, gold, uranium – all in the low risk country of the USA. (Market Cap: $4.7m) [La Paz Drill results overdue from Q1, White Picacho results looks like due very soon also] Spotted By: Bigshareshead (Position Held)
CXO - Copper Explorer, Sth. Australia: Copper found with zones of Iron Oxide Copper Gold) on the Yorke Peninsula in South Australia. Nearology to Rex Minerals Hillside Project, BHP’s Olympic Dam, OZ Mineral’s Prominent Hill and Carrapateena Project. Three out of three of CXO's first holes have visible copper mineralisation and IOCG alteration Geophys anomaly is 1600 x 300m (Market Cap: $7.4 m) [Drilling results expected from Yorke Peninsula] Spotted By: Martin Gifford (Position Held)
STB - World class massive shallow potash deposit in Eritrea. Eritrean National Mining Corporation (“ENAMCO”) has requested that South Boulder submit a proposal to commence discussions regarding ENAMCO’s intention to acquire up to a 30% paid participating interest in the Colluli Potash Project (Market Cap: $121m) [Stock should continue to rally in short term on back of this news] Spotted By: Freehold (No Position Held)
IDC - Gold in PNG & Cambodia (1.8 Million ounce JORC resource at 1.9g/t gold) Wins “Discovery of the Year” award at the inaugural Asia Mining Awards based on exploration success in Cambodia and Mt Kare Project in PNG. Next to major gold mine called Porgera (28Moz, producing 500,000oz/yr). IDC’s recentlu released assays include 12.6 m at 10.1 g/t & 104 g/t silver from 72.7m, and 9.7 m at 7.8 g/t gold & 587 g/t silver from 58m, for Mt Kare (Market Cap: $90m) [Announced high grade gold Mt Kare in PNG] Spotted By: John435 (Position Unknown)
BMB - Base metals exploration Poland, currently drilling next to world class KGHM copper/silver mine, Co looking at acquisitions in close proximity to its existing projects which can deliver economies of scale as well as other synergistic benefits as the company growth over the next 1-2 years. Has tendered a bid which is in with the Togo Govt to become a strategic mining partner in the development of the world-class carbonated phosphate project in that country. Secured the support of a significant cornerstone investor through a commitment to a $3 million share placement to underpin its international exploration and resource development activities. The share placement, comprising 150 million shares at 2.0 cents which is a significant premium to the last traded price. , (Market Cap: $29.7m) [Share placement issued at premium to recent share price ] Spotted By: Twocents (Position Unknown)
CZN – Drilling for nickel/silver in Canada at old EL mine site at Lynn Lake. Infrastructure already in place EM Survey should be nearly complete and then drilling to commence between 800-1200m open at depth. Share had CR at 12c after reaching 12month high of 25c tightly held register Has been idle for months under 9.5c on next to no volume but spiked on 23/3/2012 with renewed interest as drilling gets underway soon. (Market Cap: $11.4) [Expecting Ann of drilling start shortly] Spotted By: Myrules88 (Position Unknown)
NMR - Results of the Scoping Study well overdue on the massive 4.2bt Jorc + additional 2.4 Bt target of thermal coal in Botswana. This event should start the ascent of the price in line and may eventually surpass Mcap peers such as AFR. (Market Cap: $18.5m) [Scoping study due end of March now overdue] Spotted By: Freehold (Position Held)
LIN - Au Explorer in Philippines - Recent ann's have been excellent and has seen price double from 7c to 16c within the last month. Strong management. Results received confirm that the supergene copper-silver-gold mineralisation identified in holes BMS-007a and BMS-007b extends to the southwest into holes BMS-008 and BMS-009. This is extremely significant and suggests that the new discovery zone at Sabang hosts a relatively thick blanket (approximately 71-96 metres thick) of potentially leachable copper silver gold mineralisation [Results due from recent drilling] (Market Cap: $36.3m) Spotted By: Exmouth79 (Position Unknown)
RIE – CU AU Explorer in WA and Burkino Faso - Tenements in the Sandfire Doolgunna Province, adjacent to Sipa and LSR, and along 20km of the regionally significant Jenkins Fault. RIE has defined a number of copper anomalies on their ground; recent work by Sipa and LSR has also defined a copper anomaly which appears to continue into RIEs tenement. Historic gold focused drilling results on RIE's ground included 21m @ 19.3g/t Au and 21m @ 16.7g/t Au, highlighting the potential of the area. Also have some good ground in Burkina Faso prospective for gold. See Company Presso 12 Mar for more info. (Market Cap: $8.9m) [Drilling to commence in April on copper-gold targets in the Sandfire Doolgunna Province] Spotted By: Profit Taker (Position Held)
