Minco Share Discussion Threads

[lendmeafiver] 13/4/2016 22:57

Personally im not in this one for the Pennines at all, I guess that project is probably a long shot but that's what a company with a portfolio of assets is all about I guess.

[ardtole] 13/4/2016 21:39

There hasn't been an update from the pennines since 13/06/2014.

[sm9] 13/4/2016 10:57

Some good buys coming in, id expect this to react quite quickly

[lendmeafiver] 13/4/2016 00:20

A (say) 30% discount to the NSR value would still see a huge uplift in the share price!

[lendmeafiver] 12/4/2016 19:06

They should within 18months

[jdgeus75] 12/4/2016 18:31

I agree with the GBP 10m valuation but im not sure if the market is willing to value it like that now

[lendmeafiver] 12/4/2016 18:01

Some good analysis, So you can conservatively double your money here with Woodstock and Buchans all free upside above that. My view has been for a while now that the NSR is worth circa £10m alone, I'm sure Whitman Howard had a similar valuation in one of their Reports at some stage.

[ardtole] 12/4/2016 16:06

Canadian zinc corp currently at a 52 week high. Hopefully news from buchans soon.

[jdgeus75] 12/4/2016 14:49

A few weeks ago I posted a Net Present Value calculation of Minco's Net Smelter Royalty on Dalradian's project. That calculation showed an absolute minimum valuation of GBP 5.963 million (only the NSR - not considering Minco's cash and other assets).

There are other ways of trying to value such a royalty. Since a 2% Net Smelter Royalty will not cost you anything to build the mine (CAPEX), and will not cost you anything to produce gold (OPEX), it must always be valued higher than a working interest.

So that is a guarantee that the 2% NSR is worth more than 2% working interest. 2% of Dalradian's share price is currently: GBP 2.500.000. I would prefer a 2% NSR over a 5% working interest. A 5% working interest in Dalradian would be worth GBP 6.25 million based on Dalradian's market cap.

Minimum Minco value (very conservative) = 2% NSR + Cash + Other assets
Minimum Minco value (very conservative) = 6.25 + 2.00 + 1.00 = 9.25M

Minimum Share price = Market cap / number of shares
Minimum Share price = 9.250.000 / 478.200.000
Minimum Share price = GBP 0.0193

Minimum upside = 93%

[djb3] 12/4/2016 13:47

Yeah zinc already up over 2.5% today as well. Looking good for news over next few months.

[sm9] 12/4/2016 10:14

Excellent results! Building up really well..

[ardtole] 12/4/2016 09:43

The feasibility study later this year is key.

[lendmeafiver] 12/4/2016 09:39

Excellent Dalradian grades, the market will start of reflect MIOs NSR at some stage surely

[ardtole] 12/4/2016 08:53

Dalradian results out. Looks very good.

[sm9] 07/4/2016 13:55

Interesting with whats happening at Connemara (CON), similar price to MIO, around 1.2p shoot up 200% on news:

"There is now without doubt a gold bearing vein system in the Inishowen area of Donegal.

The discovery is similar to the Dalradian gold resource across the border in Co. Tyrone.

Further drilling is necessary."

Just a matter of time before this fly's!

[djb3] 07/4/2016 10:04

Hmmm small tick up.

[lendmeafiver] 06/4/2016 18:51

Dalradian is looking increasingly like a minimum of £10m of value here at MIO, that gets us to 2p plus on its own.

[ardtole] 06/4/2016 13:55

rns from dalradian out today. Things progressing nicely there.

[frost1] 05/4/2016 23:36

Hopefully news soon.

[djb3] 01/4/2016 21:15

Come on zinc ha ha :)

[lendmeafiver] 01/4/2016 13:51

So:

Dalradian £12m
Buchans £5m
Woodstock £10m
Cash & Other £3m

Total £30m

= circa 6p

If Woodstock £20m then circa 8p

Plenty of upside potential some of which could come at anytime, sounds good

[ardtole] 01/4/2016 13:39

20m min for plymouth deposit. Hartford north and hartford south yet to be extensively explored by minco.

[sm9] 01/4/2016 13:09

Thinking £10m, minimum, i was thinking more like £20million and thats still a massive deal for the chinese especially to get into America without all the duty etc, and it being a lifespan of 40 years min... dont underestimate how big this is or can be!

[lendmeafiver] 01/4/2016 12:18

What would people here think would be a good result for Woodstock? £5m, £10m?