Novadx Ventures Corp NDXFF

Miners Nearing Production

[slowwhizz]

staolin: "but there just isn't money being pumped into these juniors nearing full production. At least none of the ones I'm following."

I own Aurcana Corp, a junior silver producer about to produce at near near senior levels. There has been a very recent move in share price of about 20-25%.

 Would you care to share any other juniors on your list nearing full production?

[dollpartz]

You didn't ask me, but I have LUC nearing production  ... the CEO said 'diamonds in my hand' by mid-April..

[dollpartz]

Oh I should add, so it has something relevant to NDX, that LUC was a complete dog until couple months before production .. I don't pretend to understand why people can't wait. They were basically giving away shares two months ago .... Hopefully  see the same phenomenon here.. 

[dollpartz]

I mean, hopefully see it pop in the same way .. 

[staolin]

bza is nearing full production. I looked at aurcana when you mentioned it previously. It's too bad I didn't jump in and missed the recent run up.  Coal prices, met and thermal, seemed poised to dip for a while. The NR that this company put out makes it seem like there are contracts in place to keep their sales around the 165-180 level. So there's one negative outlook overhanging

[dollpartz]

Sure.. I own a couple with production slated for early 2013 .. BAJ (copper) for example.. nearer than that I don't think I know any others besides LUC. Patience is essential. Anyways,  I feel far more comfortable buying beaten down stocks to the point where I almost exclusively do so. If I chase something I get smacked in the mouth usually, so that  has ended that practice pretty

[_Highlander_]

Unfortunaly there a few people who are still sour with last years Ikerd deal, or they have a personal issue with Neil. Im long on this stock, and will wait for full production results later this spring. 

[slowwhizz]

"I looked at aurcana when you mentioned it previously. It's too bad I didn't jump in and missed the recent run up."   Aurcana still has a long way to run in my opinion.  At least a 5 bagger drom here.  Maybe 10.

[cleverrox]

I've owned enough mining stocks to know that being one month away from production can actually be a year away from production.  Mining stocks are horrible for hitting timelines.  And to boot they have things out of their control like permits.  There is a permit for everything...

[slowwhizz]

Thanks cleverrox for the words of experience and wisdom.  Perhaps there is an issue with the Rex mine's permit for the onsite wash plant. No news is good news?  I don't wish to be negative but I am always a little nervous.  I would guess Kentucky is more cooperative with these things than most, particularly with the current economy, but things can get off track for all

[dollpartz]

True .. the LUC I talked about was delayed 3 months by a week long strike in the steel industry in South Africa.... delays come with the territory.. I was just reading about ECX .. expected Q1.. now delayed to Q3. Delays everywhere I look. lol