Primero Mining (NYSE:PPP)

CAPS Rating: 4 out of 5

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Member Avatar TTime0917 (< 20) Submitted: 6/19/2014 8:12:59 AM : Outperform Start Price: $7.56 PPP Score: -24.02

Put PPP into portfolio in Feb. Have been Very pleased with results.

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Member Avatar InveniamViam (54.53) Submitted: 3/31/2014 2:40:07 PM : Outperform Start Price: $4.62 PPP Score: +16.03

Risk assets have been the big thing for about 5 years now. I think the pendulum is going to begin swinging back towards safe haven assets shortly. What better to own than a low cost miner with huge reserves and significant production estimates for 2014? I also very much like the BRD acquisition. This is a long hold for me, and I own shares in RL. My price target is over $20 a share when the next PM run higher finally settles itself out.

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Member Avatar TSIF (99.96) Submitted: 3/24/2014 7:10:50 PM : Outperform Start Price: $6.88 PPP Score: -22.15

Primero Mining has been in my Long Portfolio for a few years, one of the only outperforming metal miners that I've held successfully. In my trading account I had a bite of BRD and was about to toss it out...things don't stay long in the trading account when Primero Mining made the buyout offer. While this was good for my BRD share price and coincided nicely with the mini-metals run we had last month, it left me with the question of what to do with it.....I watched it jump up to $8 as increased production was confirmed by Primero and the completion of the purchase agreement it inherited in 2010 with the San Dimas mine. Now 50% can be sold at Spot for their own account.

Primero also enjoyed a spike when it was added to the Arca Gold Miners Index.

The increased production news however, has faded somewhat as Silver/Gold Prices have decayed again after the Ukraine "incident" died back some. Gold / Silver can spike anytime. I have my own somewhat rather "unique" opinion of Gold and Silver bugs/supply/demand, but suffice it to say that it's all about producing below the cost you sell it. I link Primero's growth potential, cost structure, etc. I'm not sure what to do with PPP in my trading account, but will mark it here on CAPS so I can better keep an eye/perspective on it. The recent pullback below $7 puts it near my cost basis for the BRD equivalent in my trading account.

I currently have "enough" gold/silver plays in my CAPS account which I tend to keep "diversified" as I try out ideas/concepts, but will add PPP at this price as another visual of one I own.

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Member Avatar DrLinks (22.45) Submitted: 7/24/2013 2:27:19 AM : Outperform Start Price: $5.04 PPP Score: -0.97

With massive reserves and a great $/Oz, this Miner of Silver will get much more profitable

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Member Avatar DarthMaul09 (29.65) Submitted: 4/15/2013 1:28:07 PM : Outperform Start Price: $5.38 PPP Score: -18.10

The metals sell off appears to be both a capitulation of many gold investors and probable margin calls on long positions in the metals market. Irrational pessimism in the metals space will persist until JPM and friends find it profitable to go long and harvest profits from the momentum players who decided to go short at the wrong time. As weak miners go bust, the ones that weather the storm will be rewarded. PPP is likely to among them.

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Member Avatar jnielsen24 (< 20) Submitted: 3/6/2013 4:37:42 PM : Outperform Start Price: $5.49 PPP Score: -22.12

Just follow Sprott ...

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Member Avatar paskows (< 20) Submitted: 12/18/2012 5:18:15 PM : Outperform Start Price: $6.34 PPP Score: -44.73

I think their recent acquisition and excellent management will outperform the market in the next 24 to 36 months. Precious metals are stable and will always be in demand for many reasons besides a hedge against the market.

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Member Avatar hankering2buy (28.59) Submitted: 9/28/2012 12:32:43 AM : Outperform Start Price: $5.22 PPP Score: -26.18

expect precious metals to keep moving

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Member Avatar PhotoPhool (< 20) Submitted: 9/4/2012 4:03:37 PM : Outperform Start Price: $4.74 PPP Score: -17.60

Found additional gold reserves in the San Dimas mine.
P/E is far too low for a mining stock for a mine with a known history of performance.

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Member Avatar gunterle (64.21) Submitted: 7/23/2012 11:33:56 AM : Outperform Start Price: $2.95 PPP Score: +50.94

signal

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Member Avatar kurt632 (< 20) Submitted: 6/22/2012 3:06:06 PM : Outperform Start Price: $2.48 PPP Score: +87.84

Over the next 4 to 5 years the bear market will continue. Gold will stay strong and outpace the market return and gold mining will profit from from this. I will sell when the S&P falls below 800, signaling me to move back into more aggressive equities.

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Member Avatar biophile6 (31.51) Submitted: 6/11/2012 12:17:54 PM : Outperform Start Price: $2.73 PPP Score: +65.28

This is a fantastic bargain at current levels (~2.70). The company is literally raking in cash right now, bringing up 23,000 oz of gold per quarter at only 640 $/oz cost. This translates to profits of 1000 per ounce for a 100,000 ounces, or around 92MM in cash in the forward TM. With 80-100MM already banked, this puts the company in the fantastically enviable position of having liquid capital of 200+MM, an amount equal to their *entire market cap*. Stunningly they could purchase themselves and buy back a mountain of their own stock within 18 mos.

The reason for the low P/E is not completely known; however the ticker, relatively new company structure, lack of current financials on certain brokers (TDA for example) makes it difficult to find information on this stock for some people, and also unavailable for purchase by types of funds, while it is below a certain PPS.

As the company reports more, grows more, becomes more widely known, and exists longer, buzz about this striking gold play and its formidable executive team with extensive experience will spread. With a lower bound because of great free cash flow, the upside is not only significant but potentially a five to ten bagger in the next three years.

Yes I am long. Who wouldnt be, at this price?

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Member Avatar IlluminatInvest (68.15) Submitted: 6/6/2012 3:29:53 PM : Outperform Start Price: $2.87 PPP Score: +53.10

Low P/E even if they don't get relief from an unfair tax situation, with a free call on any upside if they do.

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Member Avatar GirlsUnder30 (96.51) Submitted: 4/2/2012 9:49:26 AM : Outperform Start Price: $2.58 PPP Score: +86.42

Great increases in extraction efficiency should help this company get more out of its limited resources.

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Member Avatar SamsaricSufferer (< 20) Submitted: 3/31/2012 2:19:11 PM : Outperform Start Price: $2.62 PPP Score: +82.83

Excellent management team, applying the latest mining technologies to efficiently exploit the San Dimas mine. Low cost structure with resultant high margins. Very favorable current valuation limits the downside from here forward.

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Member Avatar jrdethlof (< 20) Submitted: 3/29/2012 8:17:31 AM : Underperform Start Price: $2.55 PPP Score: -88.00

This a pick & hold until it reachs 0, or take your
lose now.

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Member Avatar exchequer23 (< 20) Submitted: 3/28/2012 3:57:04 PM : Outperform Start Price: $2.53 PPP Score: +90.68

undervalued in many respects

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Member Avatar TMFTypeoh (80.15) Submitted: 2/28/2012 8:39:16 PM : Outperform Start Price: $2.91 PPP Score: +57.37

I "need" some gold exposure, and there is a special situation tax call option as well. Could do well...

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Member Avatar hurricanehedge (47.46) Submitted: 2/24/2012 2:40:55 AM : Outperform Start Price: $2.86 PPP Score: +60.04

we shall see

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Member Avatar QuarkHadron (88.98) Submitted: 1/31/2012 4:21:41 PM : Outperform Start Price: $3.12 PPP Score: +38.23

Seems beaten up enough for the bad news. Even if gold doesn't rise and just maintains, this looks like a mining stock that has been overly devalued. Reasonable P/E, increasing processing throughput.

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