TiPP: günstiger Einstieg in Canadian Zinc möglich (die alte Silbermine der Hunts

verfasst von yatri, 30.04.2004, 11:29

-->Durch den Abverkauf von 14 Mio Aktien aus Private Placements (Optionszusagen) die zu 0,5 Can-Cents eingesammelt wurden - und das zeitgleich zum momentanen allgemeinen Verfall der Minenkurse, ist der Wert jetzt so ausgebombt, das hier nicht mehr viel schief gehen kann.

Infos zu Canadian Zinc natürlich auf: http://www.canadianzinc.com/

US-Can-Kürzel für die kanadische Mine: CZN.TO

Comdirekt-Kürzel: SRS.FSE

einziges mir bekanntes Diskussionsboard: http://www.stockhouse.com/bullboard...um.asp?Symbol=CZN&table=list
Man muss sich (kostenlos) registrieren lassen - das Board ist aber nicht so wichtig.

Die Infos zu Canadian Zinc aus Hommels Silber-Liste (http://www.goldismoney.com/ssr/SS31.html):
CZN.TO CZICF.PK (CDN ZINC)
http://www.canadianzinc.com/
czn@canadianzinc.com 1-866-688-2001
67.3 mil shares fully diluted as of Dec., 2003 (as stated in the proxy, p.8)
80.2 fully diluted shares as of Feb 2, 2003
@ $.94/share Cdn x.74 US/Cdn = $.70 US
$56 mil MC
$13.5 million cash, Cdn, no debt.
not mining ($20 mil needed to finish & start the mine) ($100 mil worth of mining infrastructure in place!)
~70 mil oz. (IN ZONE 3 only!! of 12 zones! This company seems to be greatly under-reporting their silver reserves. Their 18 year mine plan consists of zone 3 only, but there are 12 mineralized zones on the property.) Really, perhaps well over 100 mil oz. silver.
$56 mil MC / 70 mil oz. = $.80/oz.
You get"approx" 8.93 ounces in the ground for 1 oz. silver's worth of stock.

Additional comments: CZN is a junior explorer with relatively high trading volume recently, which is unusual for a stock with such a small market cap.

The additional cash from the recent private placements means that CZN will now be able to drill and explore more of their property. CZN likely has much more silver in the ground, and has good profit potential.

I would like the company to provide an estimate of the silver on the rest of their properties, but their mine plan consisted only of zone 3 at the moment. The rest must remain"exploration potential" for now.

To get the mine up and running, they might be able to pay back such debt within 2 years, but I would hope they would avoid debt, and raise the capital in additional financings.

I note several very, very positive things about this company.

1. This was the mining operation set up by the Hunt brothers, the major silver investors in the silver spike to $50/oz. in 1980 who were bankrupted by their own debts and margin calls as a result of the COMEX rule changes and silver short sale manipulation. The Hunts spent $50 million building infrastructure to build the mine. They were 90% complete when bankruptcy hit. The value of those buildings is now $100 million, and the mine only needs about $20 million (CAN) ($15 mil US) to get the mine up and running. That's much cheaper than other cost estimates of other operations.
2. The 70 million oz. of silver estimate is for zone 3 only. But there are 12 zones on the property. The zone 3 estimate is for a 10 year mine plan that involves mining zone 3 at current metals prices.
3. High Grade ores:
12% zinc/ton; = 240 lbs. zinc/ton x 50 cents/lb. = $120/ton for the zinc.
10.1% lead/ton = 202 lbs. lead/ton x 40 cents/lb. = $80/ton for the lead.
6 oz. silver/ton x $6.95/oz. = $42/ton for the silver.
0.4% copper/ton = 8 lbs. copper/ton x 1.30 cents/lb. = $10/ton for the copper.
Total: $249/ton! (Prices have been moving up!) Prices accurate as of Mid Feb., 2004
4. My method of valuation: I'm really counting only the silver, not the base metals in my"oz in the ground" valuation. So consider a significant"zinc bonus", and"lead bonus".
5. Zinc and base metals prices are moving up, up to. 50 cents/lb. for zinc! Check http://www.metalprices.com/ for updates.

Ich hab's zwar schon mal vor ca 3 Wochen reingestellt - meine aber, das sich selbst für schon Besitzende wie mich ein Nachkaufen lohnt (so habe ich z.B. die heutigen 5000 Stück zu 0,44 in FSE erstanden)

Grüße
yatri

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gesamter Thread:

• TiPP: günstiger Einstieg in Canadian Zinc möglich (die alte Silbermine der Hunts - yatri, 30.04.2004, 11:29
  • Re: Einstieg bald NOCH günstiger?:-))) - Ecki1, 30.04.2004, 13:51
    • Re: Vielleicht, aber ich spekuliere mit Grund auf's Gegenteil! - yatri, 30.04.2004, 14:10
      • Re: Hier noch ein wenig Info zu Canadian Zinc - Ecki1, 30.04.2004, 16:06
        • Re: Hier noch ein wenig Info zu Canadian Zinc - Phoenix, 30.04.2004, 19:05
          • Baldige Infos, dass weitere Lager gefunden wurden, dürften den Kurs beflügeln (o.Text) - yatri, 01.05.2004, 12:14