John Tumazos Very Independent Research, LLC Metals and Mining Conference Core Shack, October 16, 2013 10/24/2013
John Tumazos Very Independent Research, LLC Metals and Mining Conference Core Shack, October 16, 2013 10/24/2013
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HIGHLIGHTS OF “NATURAL RESOURCES TRACK” AT OUR OCTOBER 16TH CONFERENCE
HIGHLIGHTS OF “NATURAL RESOURCES TRACK” AT OUR OCTOBER 16TH CONFERENCE 10/24/2013
METALS – – COMPARISON OF ESTIMATED 2014, 2015 AND 2020 YEAR-END BALANCE SHEETS OF THE SIX LARGE DIVERSIFIED MINING COMPANIES (BHP Billiton, Vale, Rio Tinto, Anglo American, GlencoreXstrata PLC, and Teck) 10/21/2013
METALS – – COMPARISON OF ESTIMATED 2014, 2015 AND 2020 YEAR-END BALANCE SHEETS OF THE SIX LARGE DIVERSIFIED MINING COMPANIES (BHP Billiton, Vale, Rio Tinto, Anglo American, GlencoreXstrata PLC, and Teck) 10/21/2013
PRETIUM RESOURCES (PVG $4.63 rating cut to Neutral and price target suspended from $14 previously) FIRST STAGE OF BULK SAMPLE RECOVERS ONLY 30% OF EXPECTED GOLD VALUES, SUGGESTING “AREA OF INFLUENCE” OF 0.5 METER HIGH GRADE VALUES NOT 10M X 35M X 35M 10/22/2013
PRETIUM RESOURCES (PVG $4.63 rating cut to Neutral and price target suspended from $14 previously) FIRST STAGE OF BULK SAMPLE RECOVERS ONLY 30% OF EXPECTED GOLD VALUES, SUGGESTING “AREA OF INFLUENCE” OF 0.5 METER HIGH GRADE VALUES NOT 10M X …
CF INDUSTRIES (CF $215.16; rated Overweight ; price target cut to$250 from $310) DIVIDEND HIKE CAUSES SHARES PRICE TO RISE, BUT COMPETING NEW NITROGEN PROJECTS MAKE PROGRESS; PRICE TARGET CUT TO $233 10/20/2013
CF INDUSTRIES (CF $215.16; rated Overweight ; price target cut to$250 from $310) DIVIDEND HIKE CAUSES SHARES PRICE TO RISE, BUT COMPETING NEW NITROGEN PROJECTS MAKE PROGRESS; PRICE TARGET CUT TO $233 10/20/2013
HIGHLIGHTS OF “GOLD TRACK” AT OUR OCTOBER 16TH CONFERENCE 10/17/2013
HIGHLIGHTS OF “GOLD TRACK” AT OUR OCTOBER 16TH CONFERENCE 10/17/2013
VALE (VALE $15.51, Neutral, PRICE TARGET $16) VALE AND GLENCORE XSTRATA PLC NICKEL DIVISIONAL COOPERATION DISCUSSIONS 10/14/2013
VALE (VALE $15.51, Neutral, PRICE TARGET $16) VALE AND GLENCORE XSTRATA PLC NICKEL DIVISIONAL COOPERATION DISCUSSIONS 10/14/2013
PRETIUM RESOURCES (PVG $4.93; rated Overweight with $14 down from $16 price target) SIMULATION ERASING 9.4 OF PRIOR 30.4 MMT RESOURCES, ERASING 5.8 OF PRIOR 13.1 MM OZ GOLD AND USING SAME PRIOR $662 MM CAP EX 10/11/2013
PRETIUM RESOURCES (PVG $4.93; rated Overweight with $14 down from $16 price target) SIMULATION ERASING 9.4 OF PRIOR 30.4 MMT RESOURCES, ERASING 5.8 OF PRIOR 13.1 MM OZ GOLD AND USING SAME PRIOR $662 MM CAP EX 10/11/2013
THOMPSON CREEK METALS (TC $3.24, rating remains at UNDERWEIGHT; price target remains $1.50/share) SITE VISIT TO MOUNT MILLIGAN 10/10/2013
THOMPSON CREEK METALS (TC $3.24, rating remains at UNDERWEIGHT; price target remains $1.50/share) SITE VISIT TO MOUNT MILLIGAN 10/10/2013
METALS INDUSTRY- -REVERSALS IN “HURDLE” RATES OF RETURN 10/7/2013
METALS INDUSTRY- -REVERSALS IN “HURDLE” RATES OF RETURN 10/7/2013