Getting in at the ground floor: silver nanocaps

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silvernomics
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Getting in at the ground floor: silver nanocaps

Let's leave the "Next Great Silver Junior" thread to companies which are slightly more than embryonic and dedicate this thread to ultra early stage prospects.

Is $20m a sensible market cap cut-off point?

Edited by admin on 11/08/2014 - 06:09
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Getting in at the ground floor: silver nanocaps

Good thread Silvernomics. Just what the doctor ordered. I think 20 mill works as the upper end market cap for these, although we can always make special exceptions where warranted.

I mentioned DVV in the other thread, which has a mkt cap around 3 million.

I would also like to mention Artha Resources: "The company's principle exploration property surrounds the Silver Standards Pirquita's Mine, one of the largest primary silver mines in the world with proven and probable reserves of 195.1 million ounces. The surface geology surrounding Pirquitas shows all the signs of a large epithermal system with broad areas of alteration and structural features consistent with this deposit model. Additionally, Artha recently discovered a large system of precious and base metal mineralization on the Vallecito property located 40 km from Pirquitas..."

I still had some tucked away in my portfolio from when it was focused on Uranium plays. Quite frankly I had forgotten about it and recently rediscovered it. Moved it into my TFSA in case it has a good run. Apparently drilling has commenced.

ticker: AHC on the TSX Venture.

mkt cap: $13.3 million

As always, DYODD.

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Quote:Is $20m a sensible

Quote:
Is $20m a sensible market cap cut-off point?

I would say $50m.  It gives you a little bit more room for discussion, you think?

In for nanocaps!

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silvernomics
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I'm not sure about $50m. I

I'm not sure about $50m. I was thinking in terms of $10m if not $20m being the cut-off. There's another thread called The Next Great Silver Junior for companies with a little more traction. This one's really for the true ground floor start-ups from a couple of million upwards.

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Damn that's tiny

How many companies do you think there are that are that small?  I'd look at 24hgold but I've used my max searches for the month for a non-premium member...

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Sterling, I solemnly

Sterling, I solemnly undertake not to flame you if you post in this thread rather than the other one about a $30m under-the-radar company!

I think there are a bunch of true nanocaps out there, and they might be exponentially more risky than some of the slightly larger ones, hence the desire to separate them into a different thread.

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Damn that's tiny

Sterling, I can assure that there are lots of these small companies out there. I wouldn't describe 50 mill as "nanocap". Maybe "microcap". I agree with Silvernomics that these should be separate as they can be illiquid and risky. I'm certainly no expert but I think 20 million is a pretty good max.

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Haha!

You talking about Oremex in the other thread?  I thought you said to keep it under $20m wink

Thanks for starting this thread - I'm more interested in the up-and-comers than I am in the big boys - though I do hold a few mid and large caps.

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Driven Capital Corp. DVV - TSX.V

Driven Samples 2,770 g/t Silver and Commences Drilling at Lyn

Selected portions of the news release:

August 22, 2011 – Driven Capital Corp. (TSXV: DVV) (“Driven” or the “Company”) is pleased to report that it has received preliminary nalytical results from its sampling and trenching program, and has commenced a shallow drilling program, at its 100% optioned Lyn Silver Project in the Whitehorse Mining District of the Yukon.

The first 100 samples submitted to ALS Canada Ltd. (“ALS”) have assayed up to 2,770 g/t Ag and 26.3% Zn.

Certain other samples have been certified by ALS to have assayed >10,000 g/t Ag and >30.0% Pb. The Company has ordered ALS to re-run these samples in ore grade form, as well as implement concentrate/titration methods to measure and report for ultra-high silver and lead grades.

The Company also reports that Aurora has commenced a ten-day, 500 to 1,000 meter shallow drilling program within Lyn’s historical high-grade zones. Ten holes, ranging in depth from approximately 25m to 100m are planned, using a Winkie drill. The program is intended to test down dip and along strike of the veins exposed at surface in order to determine attitude, morphology and controls on mineralization.

http://www.drivencapital.ca 

 

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Jayden Resources

pnmlf (otc)

jdn (tsx)

home page: http://www.jaydenresources.com/

news out today about drill results

mkt cap 26.9

shares: 183 million

this is a real live roll of the dice, but seems to be making something that resembles progress. News isn't yet posted to web site. I got the news from my TDAmeritrade acct.

Jayden Resources Inc., ("Jayden" or "the Company") (TSX: JDN) is pleased to announce assay results from 10 new holes from the planned 15,000 meter drilling program at Silver Coin. These new results have the potential to make a meaningful contribution to the next resource estimate and further demonstrate the significance of the high-grade gold component of the Silver Coin deposit. Assay highlights from the new holes are shown below:

x.gif
-----------------------------------------------------------------------
-----
 Intercept
 From To Length Au Au Ag Ag
Hole ID (meters) (meters) (metres) (g/t) (oz/t) (g/t) (oz/t)
----------------------------------------------------------------------------
SC11-353 171.1 174.1 3.0 18.70 0.546 11.77 0.344
----------------------------------------------------------------------------
SC11-356 153.2 160.0 6.8 2.29 0.067 6.98 0.204
----------------------------------------------------------------------------
 including 157.6 159.1 1.5 5.67 0.166 16.10 0.470
----------------------------------------------------------------------------
 185.9 192.3 6.4 3.70 0.108 10.90 0.318
----------------------------------------------------------------------------
 including 185.9 187.5 1.6 12.76 0.373 30.20 0.882
----------------------------------------------------------------------------
SC11-357 91.5 94.5 3.0 24.96 0.729 14.65 0.428
----------------------------------------------------------------------------
 including 93.0 94.5 1.5 48.30 1.410 26.10 0.762
----------------------------------------------------------------------------
 184.0 200.6 16.6 3.25 0.095 10.82 0.316
----------------------------------------------------------------------------
 including 187.0 188.5 1.5 16.20 0.473 7.60 0.222
----------------------------------------------------------------------------
SC11-359 112.7 122.0 9.3 2.60 0.076 10.37 0.303
----------------------------------------------------------------------------
 including 121.0 122.0 1.0 10.60 0.310 29.50 0.861
----------------------------------------------------------------------------
SC11-360 14.2 24.3 10.1 2.15 0.063 7.41 0.216
----------------------------------------------------------------------------
 including 19.0 20.4 1.4 7.00 0.204 14.50 0.423
----------------------------------------------------------------------------
SC11-361 58.0 66.0 8.0 25.24 0.737 34.73 1.014
----------------------------------------------------------------------------
 including 58.0 60.0 2.0 99.99 2.920 123.06 3.593
----------------------------------------------------------------------------
SC11-363 128.0 155.0 27.0 5.79 0.169 14.02 0.409
----------------------------------------------------------------------------
 including 129.5 132.7 3.2 12.48 0.364 20.09 0.587
----------------------------------------------------------------------------
 137.0 140.0 3.0 22.23 0.649 29.03 0.848
----------------------------------------------------------------------------
 147.0 148.5 1.5 9.64 0.281 10.90 0.318
----------------------------------------------------------------------------
 156.4 170.8 14.4 1.65 0.048 5.87 0.171
----------------------------------------------------------------------------
 including 160.9 161.9 1.0 7.94 0.232 7.70 0.225
----------------------------------------------------------------------------
 173.5 191.0 17.5 1.75 0.051 4.80 0.140
----------------------------------------------------------------------------
 including 180.0 181.5 1.5 9.89 0.289 8.20 0.239
----------------------------------------------------------------------------

x.gif

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