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PDZ - Prairie Mining

Discussion in 'Stocks I-P' started by sleeper88, Oct 14, 2006.

  1. sleeper88

    sleeper88

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    Has anyone had a look at this one?..any thoughts?
     
  2. Simmo

    Simmo

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    Re: PDZ - Prairie Downs Metals

    I hold this one, its fairly tightly held, top 40 hold around 70%.

    Still very early stage though, but the next drilling program is likely to substantially increase the resource. There is potential for a large shallow Zn Pb resource. They have 15km of strike along the fault.
    Market Cap is low at around 18 million.

    Sempra Metals did a placement worth $2 million at 60 cents per share which is substantially above current value. CBH is also a major shareholder.

    Its worth reading the investor presentation
     
  3. sydneysider

    sydneysider

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    Re: PDZ - Prairie Downs Metals

    This is a true "sleeper", drilling program was supposed to start in August and subject to substantial delays due to very heavy bidding on drilling rigs. Has very substantial upside as drilled structures are all open with massive upside
     
  4. sleeper88

    sleeper88

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    Re: PDZ - Prairie Downs Metals

    thx guys..it really does seem to have good potential at its prairie downs project with a current resource of 1mt @ 8.3% Zn, 1.7% Pb and 22g/t Ag..but still early days

    it's got very low liquidity but i'll certainly keep an eye on it

    sleeper
     
  5. sleeper88

    sleeper88

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    Re: PDZ - Prairie Downs Metals

    hmm something fishy is going on i think, up 12% with good volume..maybe drilling results are due soon lets hope my patience pays off :rolleyes:
     
  6. itchy

    itchy

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    Re: PDZ - Prairie Downs Metals

    i know i bought and pretty much forgot about them, then suddenly a 12% increase.......im exited
    i have no idea what is going on though no news expected just yet???
     
  7. sleeper88

    sleeper88

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    Re: PDZ - Prairie Downs Metals

    up 17.5% and basically no sellers

    0.490 18,008
    0.495 14,700
    0.500 4,500
     
  8. sydneysider

    sydneysider

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    pdz - praire downs

    Praire Downs looks set for breakout (finally) 2 million tonnes zinc from 1 km strike on 10 km mineralized zone plus other large targets.

    PDZ says NPV on this minimum target at a mine rate of 250,000 tpa to produce 20,000 t of zinc per year is $287,000,000. Current sp is 38,000,000 shares at 43.5 cents = $16,500,000. Upside is very substantial. Oppies give excellent leverage. Stock is very tightly held. Should perform like MLS or AAR (or better).
     
  9. sleeper88

    sleeper88

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    Re: PDZ - Prairie Downs Metals

    on the move again, up approx 12%, touched a high of 0.55
     
  10. sydneysider

    sydneysider

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    Re: PDZ - Prairie Downs Metals

    IMHO we are going a lot higher on this one. With 10kms of strike could (very speculative conclusion) get get into the range of 10-20 million tonnes of ore. This conclusion is based on the fact that the first kilometer is targeting 2 million tonnes at shallow depth and that mineralized surface structures run along strike.
     
  11. Simmo

    Simmo

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    Re: PDZ - Prairie Downs Metals

    Looks to be finally breaking above 50 cents

    This has been ranging for a long time now.

    :D
     
  12. sydneysider

    sydneysider

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    Re: PDZ - Prairie Downs Metals

    Typical chart formats that have a lengthy "build" have a lengthy "throw" when they run. IMHO this is just firing up. Bought more this morning
     
  13. Jus

    Jus

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    Re: PDZ - Prairie Downs Metals

    Anybody knows what cause today's hype? JV U3O8 with the Western Metals or zinc assays coming out?
     
  14. sydneysider

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    Re: PDZ - Prairie Downs Metals

    This is a major zinc play
     
  15. itchy

    itchy

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    Re: PDZ - Prairie Downs Metals

    edging up again today guys, would love to see it finish at 55c, yesterday intraday high, lets see..............
     
  16. sydneysider

    sydneysider

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    Re: pdz - praire downs

    An optimistic assessement on the first kilometer of strike (out of ten kms) gets you closer to (my assessement) 3,000,000 tonnes of zinc ore. PDZ say 2,000,000 and open in both directions and at depth. IMHO PDZ is in elephant country and may have made a major zinc find. Share price should continue upwards.
     
  17. toc_bat

    toc_bat

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    Re: PDZ - Prairie Downs Metals

    sydneysider

    how did you get this? -> "20,000 t of zinc per year is $287,000,000"

    ok heres my newbie effort please correct me :

    20,000t = 44,4 million pounds

    thus at @ 2USD per pound we get USD 89million

    or about AUD115million, or about 40% of your 287 million

    ps i am moving countries in two days time and have simply run out of time to do lots research in the next few weeks, am wondering is this resource JORCed? I like this co but am a little unsure of its short term value. As it has a very bouncy chart, it may retrace a lot going by past chart. Or I guess it may just keep going up.
     
  18. sydneysider

    sydneysider

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    Re: PDZ - Prairie Downs Metals

    Please visit PDZ website for presentation. They state a Net Present Value (discounted) of $287 million on the project at 2,000,000 tonnes of ore with zinc at US$4,400 tonne (which the claim will be the size of the project based on current drilling) You are confusing NPV with annualized revenue. At 55 cents PDZ is valued at $18 million. Assuming that the strike extends and the resource grows the valuation will continue to grow. At 55 cents their is IMHO very substantial upside here.
     
  19. Absolutely

    Absolutely

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    Re: PDZ - Prairie Downs Metals

    Making a strong breakout today that was started yesterday.

    News must be on the way.
     
  20. sydneysider

    sydneysider

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    Re: PDZ - Prairie Downs Metals

    Followed by a six day pull back and then a gap to the upside with trading around 56-57. News of scoping study on proposed mine may IMHO have a substantial impact on shareprice.
     

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