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Gold/Mining/Energy : The Metals Thread

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To: Taikun who wrote (24)3/14/2007 2:47:48 PM
From: HotnSpicy  Read Replies (1) of 252
 
"For zinc I like SLK, 16% grades of zinc is almost like 1. 0z gold per ton"

SLK is an expensive stock for what you get. Pure exploration. ~$30MM market cap.

By far the biggest bargain in the zinc-lead sector is Tamerlane Ventures (TAM.V). Controls over 70MM tonnes of drill delineated ore at Pine Point worth about $12B at current prices. PP was the richest mine in Canada before Cominco shut it down after 25 years due to long haul distances from their mill and low prices.

TAM will start by putting their 1 MM tonne R-190 deposit into production in '09. It AVERAGES 18.3% zn-pb (12.1% zn, 6.2% pb). They have intersections of over 50% zinc-lead. tamerlaneventures.com

Market cap is an astonishly low $17MM with $4MM in cash as nobody knows about the play. Feasibility and 43-101 to be released in a month or so. The market has no idea how big a cash cow this company will be.

Great story, but no promo as they are negotiating with the First Nations. Permits to arrive later this year, hopefully by Fall.

Check out the story here: resourcexmetals.com

Website is weak but they are working on a new one right now. Stockhouse has good discussion board.
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