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- Metals Mining Peer Table - Free Daily Edition for 21 Jan 2025 (intraday ASX)
Metals Mining Peer Table - Free Daily Edition for 21 Jan 2025 (intraday ASX)
Compilation of publicly available information covering 9 important metals and more than 400 metals mining stocks listed globally, including the mineral resource holdings for all 400+ companies and project NPV information for some 140+ developers, all retrieved from the companies' published technical reports.
Host Rock Capital
January 20, 2025
Today’s metals price movements intraday ASX include:
Palladium up +1.3% today (over past 8 hours) to US$941/oz Pd
Platinum up +0.6% to $953/oz Pd
Copper up +0.6% to US$4.30/lb Cu
Today’s metals mining peer group movers intraday ASX inlcude:
Diversified producers peer group median share performance up +1.9% to median market cap/lb Cu resource (excluding iron ore) of US$0.20/lb CuEq ($125/oz AuEq)
PGM producers median is up +1.9% to median market cap/oz of $11.7/oz PdEq ($31/oz AuEq)
Nickel producers median is up +1.6% to median market cap/lb of $0.15/lb NiEq ($56/oz AuEq), with
PGM developers median down -3.5% to median market cap/oz of $3.8/oz PdEq and a median P/NAV of 0.14x (at our Reference palladium price of $1,800/oz)
Metals mining company announcements incorporated into today’s Peer Table (resource updates, economic studies, changes in attributable project ownership) include:
20 Jan 2025 - American Pacific Mining (CSE:USGD) announced a resource update for its 100%-owned Palmer Copper-polymetallic project in Alaska. The update grew USGD’s copper-equivlent resources by just over 8% to to 1.2 Blbs CuEq (27% from Cu). USGD trades at P/NAV (taken as market cap / NPV from company’s 2019 PEA) of only 0.05x - a 58% discount to our copper developer peer group (28 company) median of 0.12x (all adjusted for our Reference copper price of $3.50/lb Cu according to NPV sensitivity analysis provided by each company in each economic study), depsite the Palmer project’s relatively high resource grades of both Cu and Zn.
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