Plus, Alkane’s gold and rare earths combination proving a magnetic attraction for investors
Chatter about the re-emergence of a mining boom is all a bit premature. What is more certain is that exploration expenditure and activity is on the rise in response to the broad advance in most commodities and evidence of cohesive global economic growth.
And while the jury is out on a another mining boom, there is a body of thought that this time around, we are at least in for a golden era of exploration success, with or without the price and volume excesses of the last boom.
Plus, DGO joins the great ‘Pilbara gold boom’, Talisman prepares for a copper monty and Whiteback to start drilling its big WA oil prospect
Zinc’s spectacular 48% price rise to $US1.40/lb from last (calendar) year’s average of 95c/lb is forcing a rethink on valuations across the bunch of near-development plays in the metal on the ASX.
It’s a case of valuations having to catch up with the runaway metal price. The biggest of the plays, New Century Zinc (NCZ) with its tailings retreatment plans for the mothballed Century mine in north Queensland, is a case in point.
There is a huge disconnect between the emerging lithium producer’s market cap and its impending cashflow – but how long can it last? Plus, Rumble Resources joins the red-hot zinc sector
Ken Brinsden is an unflappable sort of guy.
But there was a sense of exasperation from the Pilbara Minerals (ASX:PLS) chief executive earlier in the week on the subject of the apparent disconnect between the market’s treatment of ASX-listed lithium stocks this year and the “absolutely ballistic’’ growth in China’s lithium-ion battery market.
Brinsden is gobsmacked that a basket of ASX lithium stocks (including Pilbara) are down by 12 per cent in the year-to-date against an 18 per cent increase in the China domestic price for battery- grade material.
Plus, the whiff of a big find at Jundee, Geopacific starts re-rating on Kula success, Tawana set to fly through lithium’s open window and Slovakian gold hopeful to bang IPO drum in Kalgoorlie
Diggers & Dealers kicks off in Kalgoorlie next week with the biggest roll up in five years expected. The 2000-plus mining and finance types due to rock up are doing so with the hope of divining something they did not already know, thrown in with a liberal dose of bonhomie.
But the fun police at ASIC insist nowadays that companies release market sensitive information when it comes to hand.