Gold/Mining/Energy : Copper Fox

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To: louel who wrote (10454)4/11/2017 8:31:21 AM
From: dsikorsk  Read Replies (1) of 10519
Yeah I'm around and still lurking,

Sold my remaining position in CUU at 0.155 a month back or so for a tax loss and used the proceeds to double down on IVN at $4. Probably should've done that a while ago to get my CUU money back quicker but oh well beggars can't be choosers. Seems to be working out so far as the Kakula deposit just becomes more staggering every day. I could see it hitting $10+ in the next 6 months if the new PEA with increased mill throughput doubles or triples the Kakula NPV as I expect it to and the near-term congolese politics don't implode the share price (a risk I'm willing to take).
Also took a small position in PTM around $2 for exposure to PGM price upside although I think they are inferior to Friedland's Platreef deposit and not as well run. Biggest downsides there seem to be dilution while they get Maseve up to full speed and execution risk. Regardless, I think the liquidation value is much higher than the current share price even at current PGM prices.
Looking to get into NSU if it drops further as I see a lot of value there. Hoping for some bad news so I can initiate a position on weakness. Will likely be patient and get in slowly though as it will take them a while to get Timok going so I doubt it will move up quickly as there aren't too many near term catalysts.

Thanks everyone for sharing their ideas. Always looking for new plays in the space.

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