Discov. Met Share Discussion Threads

[chipperfrd] 28/10/2010 06:21

Zeta underground drilling results:


It just gets better!
Chip

[sagem] 18/10/2010 11:55

We need some news quickly

[andrbea] 14/10/2010 16:04

other Cu stocks also rising eg acu 7%

Copper prices hit 27-month-high in London
October 14th, 2010
Copper prices hit a 27-month-high on the London stock exchange today (October 14th) following a one per overnight climb.

In particular, copper to be delivered in three months was seen to hit a price of $8,485 per metric tonne, the highest level since July 2008.

This ongoing upturn in the copper price being seen by CFD account holders with interest in commodities has been partly-attributed to improvements in the global construction and household goods-manufacturing sectors, both of which make heavy use of the metal.

At the same time, the head of commodities at MF Global, Stephen Briggs, has been quoted by Bloomberg as expressing a belief that supply of copper is likely to remain subdued for some time yet as few major mining projects are due to be completed within the foreseeable future.

Meanwhile, the chief executive of Codelco, the world's top copper producer, has acknowledged that more emphasis needs to be placed on improving worker safety at small and medium-sized mines across Chile



Read more:

[chipperfrd] 13/10/2010 10:09

azalea,

Of course they will show a loss in 2011 - they have to build the mine before there can be any cashflow!

It is what the price will be in 2012 and onwards that makes DME an investment.

[andrbea] 13/10/2010 09:37

sagem (post 373)
for even more risk, buy the subshares (gcls)

:-)

[sagem] 13/10/2010 09:23

Take a look at Sable Mining sblm they have uranium

[55tapout] 13/10/2010 00:29

Chip, if you find any good uranium stocks i would be very interested to hear as it is a sector i also think will get a lot of attention in the years ahead. Thanks for all your on going hard work which i have greatly benefited from.

Anley

[chipperfrd] 12/10/2010 20:03

Thanks Sagem, that is a timely reminder to me to review U308 stocks. I agree that is likely to be a sector that gets back into an uptrend in the years ahead.
Chip

[sagem] 12/10/2010 18:56

chipperfrd....Thanks, lets hope tomorrow is a better day.

I bought into Geiger Counter GCL today as URANIUM is going to increase rapidly in price due to a shortage

[chipperfrd] 12/10/2010 16:29

Sagem,

The share price dropped 5.8% to 75.4p equiv on the ASX last night with volume of 1.4m.

London has just tracked the price down by a bit more.

The Ozzies seemed to have a 'bad hair day' and most things were sold down.

[sagem] 12/10/2010 16:18

Discover Metals has been well talked about and tipped many times, although this company is totally undervalued the market makers today decided to drop the share price by 5.25p I wonder why......any answers apart from a few sellers appearing

[uncle john] 12/10/2010 16:16

I was fortunate in attending the presentation yesterday and I can confirm that it was rather boring.
It seems there are no problems,
The money to date is fine and finances for the future development are progessing.
Drill results are fine, grades are fine, not bonanza but OK. Recovery percentages will be fine.
Botswana is a great place to do business if you are a mining company. They have not changed their tax regime for years. Also they have used discetion in extending licences for the Ni project. It is still ours.

Alternatives to Diesel generator power have not been sorted yet. But discussions are continuing. BFS has budgeted for diesel generators so there are no surprises.

Long lead items of kit are already on order. Contractor to build the plant is agreed and working on final detail designs.

Compared to the report by Hana today we are in clover.
Hana is 2 years behind us and seems to be perforating half of Botswana wheres we have concentrated on a smaller area conserved our money and will have production then the option to duplicate the entire scheme over again a few miles away.
That suggestion came from the company.
Simples

[chipperfrd] 12/10/2010 11:19

conundrum,

I believe I should be using x9 but I am currently using x10 for DME.

I have a current target of 350-450p for CY2012. But subject to change depending on finance deal.
Chip

[andrbea] 12/10/2010 09:55

11 Oct (Wall Street Journal)

Rising demand for steel and copper in China, India, Brazil, Germany and Turkey.
Albanian Minerals: Rising demand for steel and copper in China, India, Brazil, Germany and Turkey.

Copper consumption in China, the world´s biggest consumer of the metal, may climb 14% in 2010 and 15% in 2011.
Copper consumption in China reached 5.94 million metric tons in 2009.
In India, copper consumption´s forecast to climb 15% to total 650,000 metric tons by the end 2010 and 16% in 2011

The expected increase in copper and steel consumption in China, India, Brazil, Turkey and Germany will help world's economy.
Copper prices rose to a 27- month high, rallying as much as 3.1 percent to $8,349.50 a metric ton.

Albanian Minerals in New York and Bytyci Shpk In Tropoje Albania is expecting increase 15% in steel and copper consumption in 2011
Demand for steel is set to rise 13.1 percent to 1.27 billion tonnes this year, higher than earlier forecast of 8.4 percent growth.
Strong demand for steel and copper is expected in China, India, Brazil, Turkey, Saudi Arabia ,Qatar and Russia in 2011.

Large infrastructure projects with huge demand for steel and copper are underway in China, India and Brazil.
Gas pipline projects In Russia, Turkey, Europe and Midle East need's millions of tons of steel. Price for copper, steel, iron ore, chrome ore, ferrochrome and coale is expected to increase in 2011 by 10% - 15 % .

[andrbea] 12/10/2010 09:52

Oct 12


DELEGATES at one of the metals industry's biggest global events expect commodity prices to continue to rise in the next 12 months.

Copper is again the consensus "bull call", according to Macquarie.

In a further boost to prospects for the Australian dollar hitting parity with the US greenback, Macquarie today said a poll of 250 market participants tipped the weighted average price of all base metals to rise 35 per cent; the poll was conducted at Macquarie's annual LME base metals outlook summit in London yesterday.

The forecast compared to last year's expectations of a 15 per cent spike, highlighting the improved view in the last year as emerging economies rebound from the global financial crisis.

"The recent run-up in prices has driven this to some extent, but it does reinforce that industry participants still believe that the base metals sector holds value for 2011," said analyst Colin Hamilton.

"The robust nature of the OECD recovery coupled with continued strong growth in Chinese and other emerging-market demand mean that, in general, supply-demand balances for the base metals look much healthier."

This follows Macquarie last week upgrading its iron ore price forecast to $US120 a tonne, free on board, for the next three years, and for spot prices to potentially spike towards $US200 a tonne in the first half of 2011.

The favoured "long" base metal from delegates for the next 12 months was again copper, to be driven by mine supply underperformance, followed by aluminium, lead and zinc.

On the "short side", the audience backed nickel and aluminium.

Copper has risen 33 per cent since last year's Macquarie summit, and the spike has seen Equinox Minerals, PanAust, OZ Minerals and Sandfire Resources post strong gains.

"Our feedback from recent market discussions suggests that many funds are still not 'all-in' in terms of copper, with more potential longs on the table," said Mr Hamilton. "Against this backdrop, a further strong run in copper prices is not out of the question."

Copper is trading around a 27-month high of $US8360 a tonne, which delegates at Macquarie's seminar said could rise 17 per cent to $US9670 a tonne in the next 12 months. The metal outperformed last year's expectation for $US7164 a tonne by Macquarie's event this year.

[azalea] 12/10/2010 09:47

The DJIA was flat yesterday, Asia saw mining and oil stocks down; most of the EU and all of UK indices are down, this morning. This could be more than a tree shake over the coming months.

[andrbea] 12/10/2010 09:23

Oct 8

Based on current expectations, UBS values Discovery at $1.27 per share and sets its price target at $1.35. While Goldman Sachs has a valuation range of $0.91 to 1.20, GS has set a higher price target of $1.50.

Both targets are more aggressive than those of RBS Australia and Macquarie, the other brokers in the FNArena database to cover Discovery. RBS has a target of $1.25 and Macquarie of $1.00, though both brokers rate the stock as a Buy in contrast to the Hold ratings of Goldman Sachs and UBS.

[sagem] 12/10/2010 09:20

Tree shake ??

[conundrum] 11/10/2010 21:56

Chip,

What do you consider most appropriate PE with post 1. 9, 10, 15 ?

Do you have a share price estimate for 2011 ?

Many thanks for sharing your excellent research on this and other threads. It is very much appreciated.

[sagem] 05/10/2010 19:22

I am holding this company has huge potential

TAKEN FROM OZ BULLETIN BOARD

Now I am even more excited in my pants.

Fair fax.

Economics has recently completed a study that outlines a scenario where copper could hit US$10,000/t by late 2012 and 2013 as supply struggles to meet rising demand and.. ETF?s.. start purchasing copper early next year.
(About the same time of first copper)

We value the company at 104p/share based off the free cashflows of Boseto producing initially from open pit then phasing in underground development. $1.70au

Conclusion: The company continues significant progress at Boseto and the significant prospective tenement package surrounding Boseto appears likely to hold additional resources to support either expanded production, longer mine life, additional standalone mining operations or all three of these. We are increasingly bullish about the fundamentals driving the copper market that could add significant further value.

[scottishfield] 05/10/2010 19:03

no worries here hamish, trade or hold, I'm holding, gl to you

[hamish123] 05/10/2010 17:03

Shares magazine is saying to take profits or top slice.Their opinion is all the recent good news is priced in.Not sure i agree but some profit taking has gone down today by the look of things.Still seems like a glaring "buy" especially on a dip.