What does gold have in common with iron ore and coal? All three are travelling down the same road of structural oversupply, softer demand growth and severe cost-cutting by their producers.
Copper and nickel are there. So too is aluminium. Tin was there last month. And as for iron ore, well, it's already gone there and beyond. As industrial metal prices sink ever lower, the historical reference point becomes ever starker.
What does gold have in common with iron ore and coal? All three are travelling down the same road of structural oversupply, softer demand growth and severe cost-cutting by their producers.
Copper and nickel are there. So too is aluminium. Tin was there last month. And as for iron ore, well, it's already gone there and beyond. As industrial metal prices sink ever lower, the historical reference point becomes ever starker.
Copper exchange inventories have remained roughly constant for the last few weeks. Could it be just a pause for a market heading towards a surplus this year or another unexpected deficit like in previous years?
Update on metals market and junior mining companies listed on the Australian Securities Exchange
THE SILVER-COPPER SUPER-CYCLE: SilverSqueeze NOW CopperCrunch NEXTStephan Bogner
The Gamestop short squeeze, followed by the latest #SilverSqueeze frenzy around the globe, are a testament to how powerful social media communities have become and what force they can unleash simply by spreading information in no time. People never invested in silver before are now rushing into the shiny metal as if there was no tomorrow, or more in an attempt to trigger a short-squeeze to one of the world‘s most shorted commodities. It remains to be seen if this turns out as “The Greatest Short Squeeze in History“. With copper expected to turn into a supply-demand deficit on the strength of the “green wave“ around the globe, the red metal already entered a “super-cycle“ as analysts have figured. With copper being tagged as “the world‘s most important industrial metal“, more and more investors are waking up to the reality that much higher commodity prices are necessary, and probably unpreventable.
South American Silver Corp March 2012 Corporate Presentationsoamsilver
South American Silver Corp's March 2012 Corporate Presentation. Learn about the Malku Khota silver-indium project in Bolivia and the Escalones copper-gold project in Chile.
Copper exchange inventories have remained roughly constant for the last few weeks. Could it be just a pause for a market heading towards a surplus this year or another unexpected deficit like in previous years?
Update on metals market and junior mining companies listed on the Australian Securities Exchange
THE SILVER-COPPER SUPER-CYCLE: SilverSqueeze NOW CopperCrunch NEXTStephan Bogner
The Gamestop short squeeze, followed by the latest #SilverSqueeze frenzy around the globe, are a testament to how powerful social media communities have become and what force they can unleash simply by spreading information in no time. People never invested in silver before are now rushing into the shiny metal as if there was no tomorrow, or more in an attempt to trigger a short-squeeze to one of the world‘s most shorted commodities. It remains to be seen if this turns out as “The Greatest Short Squeeze in History“. With copper expected to turn into a supply-demand deficit on the strength of the “green wave“ around the globe, the red metal already entered a “super-cycle“ as analysts have figured. With copper being tagged as “the world‘s most important industrial metal“, more and more investors are waking up to the reality that much higher commodity prices are necessary, and probably unpreventable.
South American Silver Corp March 2012 Corporate Presentationsoamsilver
South American Silver Corp's March 2012 Corporate Presentation. Learn about the Malku Khota silver-indium project in Bolivia and the Escalones copper-gold project in Chile.
Gold prices have swung into defensive mode on fresh signs of resurgence in the U.S. economy, wilting the metal's safe haven appeal. Update on metals market and junior mining companies listed on the Australian Securities Exchange
A$ zinc price reaches a 5-year high. The fundamentals of the zinc market keep on improving. Update on metals market and junior mining companies listed on the Australian Securities Exchange
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. Oz Metals
16th
Edition – 24th
Jan 2015
DISCLAIMER
This report is provided in good faith from sources believed to be accurate and reliable. Terra Studio Pty Ltd directors and employees do not accept liability
for the results of any action taken on the basis of the information provided or for any errors or omissions contained therein. Readers should seek
investment advice from their professional advisors before acting upon information contained herein.
Page 1 / 4
TerraStudio
A$ GOLD REACHING A 2-YEAR HIGH!
Base Metals & Precious Metals Fundamentals
Sources: COMEX, LME, RBA, SHFE
$50
$55
$60
$65
$70
Jan-14 Apr-14 Jul-14
CIFPriceofChineseImports
Bauxite
US$/t $A/t
$2.3
$2.6
$2.9
$3.2
$3.5
$3.8
$4.1
0
100
200
300
400
500
600
Jan-14 Apr-14 Jul-14 Oct-14 Jan-15
ThousandTonnes
Copper
SHFE COMEX LME
US$ A$
$1,100
$1,200
$1,300
$1,400
$1,500
$1,600
$1,700
Jan-14 Apr-14 Jul-14 Oct-14 Jan-15
Gold
A$
US$
$15.0
$17.5
$20.0
$22.5
$25.0
Jan-14 Apr-14 Jul-14 Oct-14 Jan-15
Silver
A$
US$
$6
$9
0
100
200
300
400
500
Jan-14 Apr-14 Jul-14 Oct-14 Jan-15
$/lb
ThousandTonnes
Nickel
LME US$ A$
$0.70
$0.80
$0.90
$1.00
$1.10
$1.20
$1.30
0
200
400
600
800
1,000
1,200
Jan-14 Apr-14 Jul-14 Oct-14 Jan-15
$/lb
ThousandTonnes
Zinc
SHFE LME US$ A$
2. Oz Metals
16th
Edition – 24th
Jan 2015
DISCLAIMER
This report is provided in good faith from sources believed to be accurate and reliable. Terra Studio Pty Ltd directors and employees do not accept liability
for the results of any action taken on the basis of the information provided or for any errors or omissions contained therein. Readers should seek
investment advice from their professional advisors before acting upon information contained herein.
Page 2 / 4
TerraStudio
Markets & Majors
Thomson Reuters - Chinese hedge funds, once again linked
to a powerful sell-off in copper were probably replaying an
aggressive short-selling strategy they have also used to
target iron ore and coal, according to industry sources. This
indicates the growing clout of the secretive Chinese funds in
global commodity markets as they tap their home-ground
advantage in the world's biggest consumer of copper and
other commodities. Chinese funds such as Shanghai Chaos
Investment Co and Zhejiang Dunhe Investment Co are said
by traders to be behind at least three big drops in copper in
a year, one in March last year when the metal fell more than
8% in three days. Neither of these two funds returned calls
seeking comment on the latest market moves. Other funds
involved include Flowinvest China Commodities Trading,
Yihui Investment and Shanghai Discovering Investment,
market sources said.
Minería Chilena - The vice president of Chile's state mining
company Empresa Nacional de Minera, Jaime Pérez de
Arce, said he intends to slowly make the company profitable
again after posting an US$80 million loss in 2014, Pérez de
Arce said the company plans to tackle the losses by
reducing costs at its main smelter, Paipote.
El Comercio - The sharp decline in copper prices in January
has raised doubts among analysts about the development of
the Quellaveco and La Granja copper projects in Peru,
owned by Anglo American and Rio Tinto, respectively.
Reuters - The copper, aluminum and tin output of China hit
a record in December 2014, according to figures from the
National Bureau of Statistics. The production of zinc and
lead in the country, meanwhile, contracted during the month
as low prices and increased environmental requirements
prompted some operations to stop.
The deficit in the global refined zinc market narrowed to
255,000 tonnes in the first 11 months of 2014, compared to
the 277,000 tonnes recorded in the first 10 months of the
year, according to the International Lead and Zinc Study
Group. The refined lead market, meanwhile, was in balance.
Bloomberg - Gold futures closed above US$1,300/oz for the
first time since August 2014 after the European Central
Bank announced plans to buy €60 billion of assets a month
through September 2016. "The size of the package was a
positive surprise for the gold market, and we are seeing an
increase in safe-haven buying after the plunge in the euro,"
said David Meger, director of metal trading at HighRidge
Futures LLC.
SNL - In the six months to 31 Dec 2014, BHP Billiton total
iron ore output increased 16% to a record 113.4 million
tonnes, while metallurgical coal output rose 21% to a record
26.3 million tonnes. Production of manganese ores during
the period rose 7% to a record 4.6 million tonnes.
Meanwhile, total copper output during the half dropped 4%
to 813,100 tonnes, while energy coal output tumbled 3% to
about 36.5 million tonnes. Aluminum and nickel output
slumped 16% and 11% year over year to 517,000 tonnes
and 69,900 tonnes, respectively. In November 2014, BHP
Billiton said the review of its Nickel West operations in
Western Australia was complete and the preferred option —
the sale of the business — was not achieved on an
acceptable basis.
SNL - While mining majors such as Freeport-McMoRan and
Newmont Mining have been busy bemoaning the
implementation of a ban on exports of raw minerals in
Indonesia in early 2014, their Chinese counterparts have
been quietly pouring money into the base metals-rich
Southeast Asian nation in a bid to build processing plants
and secure access to strategic resources. However, many
such Chinese initiatives have come up against speed
bumps, according to analysts closely following their
progress.
Bloomberg - Freeport-McMoRan earmarked US$17 billion in
investments for its Indonesian operations. The company's
PT Freeport Indonesia unit will build a smelter in East Java
that will cost over US$2 billion and process 2 million tonnes
of copper concentrate per year. The miner will also spend
US$15 billion to develop underground copper and gold
deposits its Grasberg mine complex in Papua, Indonesia,
the report added, citing Maroef Sjamsuddin, president
director of Freeport Indonesia.
Gold Fields anticipates attributable gold equivalent
production of 556,000 ounces for the fourth quarter, at all-in
sustaining costs of US$1,030 per ounce. For the full year,
Gold Fields' gold equivalent production is expected to be
about 20,000 ounces higher than the original guidance of
2.2 million ounces, at all-in sustaining costs of US$1,060/oz.
The West Australian - BHP Billiton Ltd. flagged an after-tax
impairment of up to US$350 million from the value of its
Nickel West operations, following the mining giant's failure
to find a buyer for the troubled division.
Unclassified
Mining.com - Japanese scientists have developed a process
that uses salmon sperm, also known as milt, to mine and
reprocess rare earth elements (REEs) from ore and
materials such as magnets and electronic waste. Currently
the extraction REEs is costly and potentially environmentally
damaging. But the new method proposed by the University
of Tokyo team, could provide a clean and cost effective
alternative.
3. Oz Metals
16th
Edition – 24th
Jan 2015
DISCLAIMER
This report is provided in good faith from sources believed to be accurate and reliable. Terra Studio Pty Ltd directors and employees do not accept liability
for the results of any action taken on the basis of the information provided or for any errors or omissions contained therein. Readers should seek
investment advice from their professional advisors before acting upon information contained herein.
Page 3 / 4
TerraStudio
SNL - Mining in space is tipped to become a reality within
the next decade as NASA aims to have the first person on
Mars by 2030. Currently, it is extremely expensive to
transport the resources required to colonize a planet in
space. Researchers are now looking into the possibility of
mining these resources from asteroids, as well as from
planets such as Mars.
Australian Companies
The West Australian - Ivernia Inc. will place its Paroo Station
lead operation in Western Australia on care and
maintenance next month — the third closure of the mine
since 2007 — due to falling metal prices. The closure will
result in the layoff of over 200 jobs.
Pacific Niugini received approvals for its Nicolsons project's
mining proposal and mine closure plan from the Department
of Mines and Petroleum, paving the way for the
recommencement of operations and production from the
underground gold mine in Western Australia.
Mawson West has placed its Dikulushi copper-silver mine in
the Democratic Republic of the Congo on care and
maintenance. The company made the decision alongside its
lenders, Trafigura and Galena Resources Fund, after
reviewing Dikulushi as well as the preproduction-stage
Kapulo copper property. As part of a wider corporate review,
the Perth-based miner also plans to reduce staff at the
Kapulo project in a bid to adjust corporate structure and
costs.
Bloomberg - Metals X CEO Peter Cook said that the
company is aiming to produce about 8,000 tonnes of tin-in-
concentrate in 2015 from its Renison mine in Tasmania — a
bit more than the 7,000 tonnes produced in 2014 — and that
Metals X is looking to develop a nearby project, which may
provide a further 5,000 tonnes a year.
The Australian - Saracen Mineral Holdings Managing
Director Raleigh Finlayson is bullish on advancing the
Thunderbox gold project in Western Australia. "I couldn't
think of a better time to be developing a gold project — it is
a perfect trifecta of diesel-fuel, labor and commodity price at
the moment," Finlayson said.
Transactions, Mergers & Acquisitions
Leyshon cancels deal to buy majority stake in South Korean
tungsten company. Leyshon Resources said that it will no
longer go through with its planned acquisition of a 50.1%
interest in private Korean company International Tungsten
Services Ltd, citing declining tungsten prices. The deal
failed to meet Leyshon's financial return targets due to the
"expanding project timetable."
Panoramic Resources Ltd. said that Rio Tinto will proceed
with a deal to earn a 70% stake in its Thunder Bay North
platinum group metal project in Ontario. Following
completion of the first phase of the agreement, Rio Tinto
Exploration Canada Inc. has now committed to spending
C$20 million over the next five years to earn its interest in
the project.
Bauxite Sector
Source: Bloomberg, SNL
Lithium-Tantalum Sector
Source: SNL
Copper Developers & Explorers
Source: SNL
Copper Producers
Source: SNL
Code Company Name
Close
Price
Week
r
YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
ABX Australian Bauxite 0.270 ▼ (4%) (11%) 34 2 33
BAU Bauxite Resources 0.105 ▲ 7% 7% 24 31 (6)
MLM Metallica Minerals 0.060 ▲ 9% 9% 10 1 9
MMI Metro Mining 0.040 ▲ 8% 48% 12 8 4
Code Company Name
Close
Price
Week r YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
AJM Altura Mining 0.047 ▼ (2%) (28%) 22 3 37
GXY Galaxy Resources 0.027 ▲ 8% 8% 29 3 95
ORE Orocobre 2.84 ▲ 1% 2% 375 26 350
PLS Pilbara Minerals Ltd. 0.040 ▼ (17%) (5%) 25 3 22
RDR Reed Resources 0.033 ▼ (3%) (13%) 16 7 NA
Code Company Name
Close
Price
Week
r
YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
ARE Argonaut Resources 0.012 ▼ (14%) (25%) 5 2 2
AVB Avanco Resources 0.077 ▲ 4% 1% 128 32 96
AVI Avalon Minerals 0.020 ▼ (31%) 0% 3 1 2
AZS Azure Minerals 0.018 ▼ (5%) (25%) 15 1 14
CDU CuDeco 1.41 ▲ 4% (28%) 343 9 333
CVV Caravel Minerals 0.012 ▼ (8%) 50% 9 1 NA
ENR Encounter Resources 0.14 ▼ (10%) 4% 18 4 14
ERM Emmerson Resources 0.034 ▲ 21% 10% 13 2 11
FND Finders Resources 0.14 ▼ (3%) (7%) 93 8 77
GCR Golden Cross Resources 0.078 — 0% 11% 7 2 5
GPR Geopacific Resources 0.046 ▼ (18%) (12%) 15 3 15
HAV Havilah Resources 0.145 — 0% 4% 23 1 21
HCH Hot Chili 0.17 ▲ 22% 3% 57 13 55
HMX Hammer Metals 0.082 ▲ 1% 0% 7 1 6
IAU Intrepid Mines 0.13 ▼ (7%) (7%) 46 10 (102)
IRN Indophil Resources 0.30 — 0% 0% 355 215 146
KDR Kidman Resources 0.050 — 0% (25%) 6 3 3
KGL KGL Resources 0.19 ▼ (8%) (18%) 26 7 12
MEP Minotaur Exploration 0.13 ▲ 4% (14%) 23 5 NA
MNC Metminco 0.007 — 0% (13%) 13 8 10
MTH Mithril Resources 0.006 ▲ 20% (14%) 3 2 1
PEX Peel Mining 0.060 ▼ (12%) (13%) 8 3 5
RDM Red Metal 0.07 ▼ (15%) (16%) 12 2 10
RER Regal Resources 0.043 — 0% (7%) 8 2 5
RTG RTG Mining 0.790 ▲ 25% 36% 88 11 82
RXM Rex Minerals 0.11 ▼ (12%) 0% 24 3 22
SMD Syndicated Metals 0.027 ▲ 8% (16%) 7 2 5
SRI Sipa Resources 0.040 ▲ 3% 8% 24 4 20
SUH Southern Hemisphere 0.040 — 0% (7%) 10 2 7
THX Thundelarra Resources 0.105 ▼ (9%) (5%) 34 7 26
XAM Xanadu Mines 0.091 ▼ (9%) (9%) 33 4 34
Code Company Name
Close
Price
Week
r
YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
TEV/
EBITDA
ABY Aditya Birla Minerals 0.20 — 0% 0% 61 137 (43) NA
AOH Altona Mining 0.23 ▼ (2%) (6%) 120 18 105 2.9x
HGO Hillgrove Resources 0.38 ▼ (7%) (17%) 55 16 70 1.7x
KBL KBL Mining 0.030 — 0% 0% 12 7 27 1.7x
MWE Mawson West 0.020 ▼ (43%) (60%) 4 48 32 NM
OZL OZ Minerals 3.45 ▲ 11% (1%) 1,047 364 892 4.9x
PNA PanAust 1.33 ▲ 9% (6%) 847 130 1,087 NA
SFR Sandfire Resources 4.22 ▲ 11% (7%) 658 58 761 3.5x
SRQ Straits Resources 0.004 — 0% (20%) 5 13 128 17.3x
TGS Tiger Resources 0.11 ▼ (8%) (15%) 126 37 269 NA
985 CST Mining 0.044 ▲ 2% 0% 1,192 136 99 0.2x
1208 MMG 2.31 ▲ 6% (4%) 12,219 137 25,141 4.1x
3993 China Molybdenum 5.00 ▲ 2% 11% 57,766 1,883 61,826 NA
4. Oz Metals
16th
Edition – 24th
Jan 2015
DISCLAIMER
This report is provided in good faith from sources believed to be accurate and reliable. Terra Studio Pty Ltd directors and employees do not accept liability
for the results of any action taken on the basis of the information provided or for any errors or omissions contained therein. Readers should seek
investment advice from their professional advisors before acting upon information contained herein.
Page 4 / 4
TerraStudio
Nickel Sector
Source: SNL
Gold Producers
Source: SNL
Gold Developers & Explorers
Source: SNL
Tin Sector
Source: SNL
Zinc & Poly-metallic Sector
Source: SNL
For further information, please contact:
J-François Bertincourt
m +61 406 998 779
jf@terrastudio.biz
au.linkedin.com/in/jfbertincourt
Code Company Name
Close
Price
Week r YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
TEV/
EBITDA
IGO Independence Group 4.70 ▲ 10% 6% 1,101 57 1,072 7.6x
MBN Mirabella Nickel 0.029 — 0% 0% 27 31 64 NA
MCR Mincor Resources 0.67 ▲ 2% 15% 126 26 104 3.3x
PAN Panoramic Resources 0.48 ▲ 22% 13% 153 64 97 2.0x
WSA Western Areas 4.05 ▲ 15% 8% 942 231 929 6.4x
AVQ Axiom Mining 0.014 ▲ 8% (7%) 47 2 45 NM
CZI Cassini Resources 0.12 ▼ (12%) (4%) 13 8 6 NM
LEG Legend Mining 0.009 ▲ 13% 29% 18 7 11 NA
MAT Matsa Resources 0.160 ▼ (6%) (6%) 23 3 21 NM
MLM Metallica Minerals 0.060 ▲ 9% 9% 10 1 9 NA
PIO Pioneer Resources 0.017 ▲ 6% 31% 10 1 9 NM
POS Poseidon Nickel 0.11 — 0% (8%) 75 4 106 NM
SEG Segue Resources 0.008 ▲ 60% 60% 16 1 15 NM
SGQ St George Mining 0.067 ▲ 3% 6% 7 1 6 NA
SIR Sirius Resources 2.78 ▲ 18% 9% 949 59 890 NM
TLM Talisman Mining 0.14 ▼ (13%) (13%) 18 16 2 NM
WIN Winward Resources 0.11 ▼ (13%) (34%) 9 6 3 NM
Code Company Name
Close
Price
Week
r
YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
TEV/
EBITDA
AGD Austral Gold 0.10 — 0% (23%) 48 NA 113 8.8x
ALK Alkane Resources 0.25 ▲ 11% 14% 104 16 88 13.0x
AMI Aurelia Metals 0.27 ▲ 8% 13% 93 22 178 NM
BDR Beadell Resources 0.35 ▼ (5%) 53% 276 10 337 NA
DRM Doray Minerals 0.54 ▼ (8%) 13% 122 16 122 3.8x
EVN Evolution Mining 1.00 ▲ 14% 54% 711 32 841 4.1x
IGO Independence Group 4.70 ▲ 10% 6% 1,101 57 1,072 7.6x
KCN Kingsgate Consolidated 0.79 — 0% 20% 177 54 277 NM
KRM Kingsrose Mining 0.29 ▼ (2%) 14% 104 7 110 NM
LSA Lachlan Star 0.024 ▼ (20%) 20% 4 2 22 NA
MIZ Minera Gold 0.003 — 0% 0% 8 0 13 NA
MLX Metals X 1.04 ▲ 6% 32% 433 57 376 5.4x
MML Medusa Mining 0.85 — 0% 31% 177 13 172 2.8x
MOY Millennium Minerals 0.040 ▲ 8% 8% 9 2 47 NA
NCM Newcrest Mining 13.80 ▲ 6% 27% 10,578 141 14,639 NM
NGF Norton Gold Fields 0.19 — 0% 48% 172 38 273 NA
NST Northern Star Resources 2.10 ▲ 6% 41% 1,244 82 1,167 14.0x
OGC OceanaGold Corp. 2.63 ▲ 14% 30% 792 NA 923 4.7x
PGI PanTerra Gold 0.016 ▼ (6%) (11%) 14 5 85 NA
PRU Perseus Mining 0.37 ▲ 7% 42% 195 37 159 6.8x
RMS Ramelius Resources 0.135 ▲ 23% 165% 63 12 53 NM
RRL Regis Resources 2.00 ▼ (5%) 4% 1,000 7 1,033 NM
RSG Resolute Mining 0.43 ▲ 12% 60% 273 19 NA NA
SAR Saracen Mineral Holdings 0.42 ▲ 12% 63% 329 36 307 7.3x
SBM St Barbara 0.20 ▲ 5% 86% 97 79 357 NM
SLR Silver Lake Resources 0.30 ▼ (2%) 54% 151 24 140 NM
TBR Tribune Resources 3.20 ▼ (2%) 21% 160 11 175 10.1x
TRY Troy Resources 0.72 ▲ 6% 57% 141 43 138 NM
UML Unity Mining 0.011 — 0% 57% 13 7 NA NA
Code Company Name
Close
Price
Week
r
YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
ABU ABM Resources 0.34 ▲ 10% 17% 93 10 83
AWV Anova Metals 0.040 ▲ 11% 48% 10 1 9
AZM Azumah Resources 0.036 ▲ 13% 80% 14 4 12
BLK Blackham Resources 0.098 ▲ 9% 92% 14 1 14
BOK Black Oak Minerals 0.38 ▲ 25% 39% 16 3 19
BSR Bassari Resources 0.019 ▲ 19% 58% 22 - 22
CHN Chalice Gold Mines 0.14 ▲ 17% 33% 40 44 (5)
CHZ Chesser Resources 0.03 ▲ 7% (11%) 7 1 8
DCN Dacian Gold 0.40 ▲ 25% 43% 29 11 18
EXC Exterra Resources 0.013 — 0% 0% 2 1 2
EXG Excelsior Gold 0.084 ▲ 22% 38% 39 2 38
FML Focus Minerals 0.009 ▼ (10%) 29% 82 81 82
GCY Gascoyne Resources 0.12 ▲ 9% 69% 20 1 19
GMR Golden Rim Resources 0.008 ▼ (11%) 60% 10 1 11
GOR Gold Road Resources 0.38 ▲ 15% 55% 226 10 216
GRY Gryphon Minerals 0.084 ▲ 11% 31% 34 34 NA
IDC Indochine Mining 0.012 ▼ (14%) 0% 15 0 17
KGD Kula Gold 0.055 ▲ 22% 25% 14 3 14
MSR Manas Resources 0.021 ▲ 24% 50% 9 6 7
MUX Mungana Goldmines 0.10 ▼ (5%) (24%) 23 5 18
MYG Mutiny Gold 0.058 ▲ 2% 32% 40 3 37
OBS Orbis Gold 0.63 ▲ 7% 13% 157 5 153
OGX Orinoco Gold 0.070 ▲ 8% 19% 10 1 11
PNR Pacific Niugini 0.057 ▲ 2% 14% 18 3 15
PXG Phoenix Gold 0.140 ▲ 17% 43% 52 9 42
RED Red 5 0.110 — 0% 20% 84 38 45
RNI Resource & Investment 0.080 ▲ 7% 7% 39 5 54
RNS Renaissance Minerals 0.070 ▲ 13% 8% 28 2 26
SIH Sihayo Gold 0.010 — 0% 25% 11 0 8
TAM Tanami Gold 0.018 ▲ 13% 29% 21 1 28
WAF West African Resources 0.105 ▲ 5% 5% 28 3 27
WPG WPG Resources 0.043 ▼ (4%) 13% 11 5 6
Code Company Name
Close
Price
Week r YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
CSD Consolidated Tin Mines 0.060 ▲ 25% 46% 17 0 18
ELT Elementos 0.007 ▼ (13%) (13%) 5 1 5
KAS Kasbah Resources Limited 0.060 ▲ 11% 11% 27 4 21
MLX Metals X Limited 1.04 ▲ 6% 32% 433 57 376
MOO Monto Minerals 0.002 — 0% 0% 3 1 2
SRZ Stellar Resources Limited 0.026 ▲ 13% (10%) 8 4 NA
VMS Venture Minerals Limited 0.039 ▲ 15% 26% 11 7 5
Code Company Name
Close
Price
Week r YTD r
52 Week
Range
Market Cap
(A$m)
Cash
(A$m)
TEV
(A$m)
AQR Aeon Metals 0.100 ▲ 16% 0% 30 5 37
DGR DGR Global 0.034 ▼ (3%) 6% 14 0 15
HRR Heron Resources 0.13 ▲ 4% 4% 47 33 16
IBG Ironbark Zinc 0.096 ▲ 7% 20% 42 2 40
IPT Impact Minerals 0.026 ▲ 4% 8% 15 1 NA
IVR Investigator Resources 0.018 ▼ (10%) 13% 8 3 5
MRP MacPhersons Resources 0.140 ▲ 33% 12% 44 7 37
MTA Metals of Africa 0.140 ▲ 33% 12% 44 8 36
PNX Phoenix Copper 0.027 ▼ (18%) (10%) 10 3 7
RDM Red Metal 0.068 ▼ (15%) (16%) 12 8 4
RVR Red River Resources 0.16 ▲ 3% 45% 28 9 19
RXL Rox Resources 0.028 ▲ 12% 0% 24 3 21
TZN Terramin Australia 0.140 ▲ 12% 27% 197 5 246
VXR Venturex Resources 0.004 — 0% (20%) 6 1 5