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speedybure (< 20)

Speedy;s Top Pick for 2013

Recs

20

October 23, 2012 – Comments (7) | RELATED TICKERS: AXU

And the winner is..........................................

#10) Huldra Silver ~ This impressively high grade silver mine, Treasure Mountain, is trading with just a 60m market cap. It will be a quick ramp up period in 2013 as it has plenty of stockpiled material, with commercial production beginning in late Q4/early Q1. Although it has just a small mine permit, it will process 70,000 tons per year, at least until it upgrades its mine permit.

2013 Production, according to my calc's will be approximately 1.5m oz Ag. @ $5/oz. In 2014, it should come close to producing 2m oz. at $3.50 while it also is likely to receive an upgraded mine permit allowing production to then increase to 3m oz. +/- in 2014 and 4.2m or so in 2015 (assuming mill throughput increases from 200 tpd to 500 tpd). Currently the crushing circuit max capacity is 500 tpd, while the ball mill choke point is 300 tpd. In other words, it will require a rather small capital investment to upgrade its processing plant to produce over 4m oz.

Reaching commercial production and generating postive operating cash flow in Q1 or Q2 in 2013 should cause a market revaluation but to what degree remain to be seen.  

7 Comments – Post Your Own

#1) On October 24, 2012 at 11:25 AM, EnigmaDude (89.24) wrote:

So last year at about this time one of your top picks was First Majestic Silver.  I did not even see it on your top 10 list this year.  Why not?

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#2) On October 24, 2012 at 12:11 PM, speedybure (< 20) wrote:

Its not that I don;t like it or own it but it isn;t as cheap as some others out there. Now, if it were trading around $15-$16 when I picked these instead of $22+, its would have definitely been on the list?

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#3) On October 24, 2012 at 6:18 PM, XMFSinchiruna (27.48) wrote:

I've loaded up on Huldra, thanks in large part to my periodic conversations with speedy, who has maintained solid contact with company management and possesses a comprehensive understanding of this developing story.

I've inspected samples of their direct-shippable concentrate ore. That was a sweet shovel-ready little bonus for them, and the initial stockpile is certainly another factor working strongly in their favor. I hope sometime soon they can do a more effective job of portraying their story through their website, because it really is an exciting one that deserves to be told.

And speaking of Canadian silver assets, I've also loaded up (to a lesser extent) on shares of Dolly Varden Silver. I think that's another interesting developing story, though obviously much earlier stage than Huldra, which is approaching that sweet transition into production. 

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#4) On October 24, 2012 at 6:54 PM, tdonb (25.32) wrote:

DOLLF - Another one for the mini series?

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#5) On October 25, 2012 at 8:25 PM, tdonb (25.32) wrote:

That is the pink sheets listing by the way.

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#6) On November 06, 2012 at 11:00 AM, skypilot2005 (< 20) wrote:

Speedy,

Thanks, for posting.

I have you to thank for making some serious $ on my #1 & #2 positions. The Sandstorms lead by Nolan Watson.

Here’s a couple I am accumulating now in addition to Sandstorm Metals.:

OTC: DONFF

DON.V

Donner Metals is an exploration and development company focused on the zinc-copper Matagami Project, a joint venture project with Xstrata Canada Corporation - Xstrata Zinc Canada. http://www.xstrata.com/ 

Donner Metals Ltd is a Canadian development and exploration company focused on base and precious metal projects in Québec. Donner’s flagship project is a partnership with Xstrata Canada Corporation in the Matagami Mining Camp, covering both the current development of a new mine and on-going exploration activities. The project is located in the Abitibi region of central Québec and it is supported by Xstrata’s existing mine infrastructure, a highly experienced workforce, and an operating 3,000 tonnes per day mill. As well, the area is serviced by highway, power, airport, railway, and town-site infrastructure

The development of Donner’s main mining project, the Bracemac-McLeod mine, is on schedule and on budget to begin production in Q1 2013 under the joint venture with partner and operator Xstrata Zinc Canada.

http://www.donnermetals.com/

http://finance.yahoo.com/news/donner-metals-ltd-mcleod-zone-130000011.html

Donner Metals Ltd.: Mcleod Zone Extended Up-Dip: Exploration Drilling Intersects 2.83% Copper, 13.09 g/t Silver and 0.13 g/t Gold Over 19.35 Metres

9/19/12

Sky 

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#7) On November 06, 2012 at 11:02 AM, skypilot2005 (< 20) wrote:

Mercator Metals

ML.TO

MLKKF

http://www.mercatorminerals.com/s/Home.asp

http://www.canadianinsider.com/node/7?ticker=ML

http://www.mercatorminerals.com/i/pdf/FactSheet.pdf    see E.P.S.! ****

http://www.mercatorminerals.com/i/pdf/presentation/Corporate-Update-Oct2012.pdf

Corporate update

(See pages 5, 23, 25,29)

http://www.mercatorminerals.com/i/pdf/presentation/2012_10_17_Canaccord_conf.pdf

Corporate Presentation

October 2012

**

Oct 24/12 Oct 23/12 McLeod, Donald Bruce Direct Ownership Common Shares 16 - Acquisition under a prospectus exemption 100,000 $0.520
Oct 23/12 Oct 23/12 Quin, Stephen Paul Indirect Ownership Common Shares 16 - Acquisition under a prospectus exemption 40,000 $0.520
Oct 19/12 Oct 9/12 Nevada Copper Corp. Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report     Oct 11/12 Oct 9/12 Iorich, Vladimir Indirect Ownership Common Shares 11 - Disposition carried out privately -46,000,000   Sep 27/12 Sep 27/12 McLeod, Donald Bruce Direct Ownership Options 52 - Expiration of options -22,819   Jul 20/12 Jul 20/12 Quin, Stephen Paul Indirect Ownership Common Shares 10 - Acquisition in the public market 40,000 $0.590
Jul 19/12 Jul 19/12 McLeod, Donald Bruce Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.598

**

http://www.nevadacopper.com/s/NewsReleases.asp?ReportID=551784&_Title=Nevada-Copper-Completes-Purchase-Of-17.8-Of-Mercator-Minerals

October 09, 2012
Nevada Copper Completes Purchase Of 17.8% Of Mercator Minerals

http://www.mercatorminerals.com/i/pdf/presentation/2012-Sept-Corporate_Update.pdf

Sept 2012

http://www.mercatorminerals.com/i/pdf/presentation/2012_10_17_Canaccord_conf.pdf

Oct 2012

http://www.canadianinsider.com/node/7?ticker=ML

This is my way of hopefully partially paying you back.

 

All the best,

Sky 

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