The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I cant see the copper price slowing down. Currently at $8423 p/t and i expect to rise significantly when China´s new year festivities are finished. Also a strong rerate on the share price as we edge closer to drilling again at Big One. In the mean time the company has stated that the Jorc modelling is underway and IP survey can now be finalized. I think some people have overlooked the significance of the historical assays uncovered by ROM. High grade hits giving us a further understanding of the area and resource, plus new targets for drilling. I am looking forward to Jorc modelling updates and new flow to come. I dont think we will see these prices for much longer.
Grades from recent rns -
? CCZ_303RC: 40m @ 1.64% fm surface incl: 11m @ 4.40% fm 24m, 5m @ 7.34% fm
28m & 1m @ 16.65% fm 29m4
? CCZ_301RC: 44m @ 1.19% Cu fm surface incl: 14m @ 3.55% fm 27m, 3m @ 10.88%
fm 37m & 1m @ 12.6% fm 37m4
? FMW_BO017: 34m @ 1.51% Cu from surface incl: 21m @ 2.25% Cu fm surface, 12m
@ 3.44% Cu fm 3m, 6m @ 4.79% Cu fm 3m and 1m @ 9.4% fm 9m2
? WME_B07: 3m @ 12.25% Cu from 42m incl: 2m @ 17.87% Cu from 43m; and 1m @
28.4% Cu from 44m3
? WME_B05: 8m @ 2.33% Cu from 44m incl: 6m @ 3.00% Cu from 45m; and 5m @
3.28% Cu from 45m3
? WME_B06: 4m @ 2.20% Cu from 44m incl: 2m @ 3.19% Cu from 46m and 1m @ 3.63%
Cu from 47m3
? FME_BO015: 18m @ 0.86% Cu fm 11m incl: 6m @ 1.85% Cu fm 20m, 3m @ 2.98% Cu
fm 20m and 1m @ 8% fm 20m2
? CCZ_213RC: 12m @ 0.79% Cu fm 52m incl: 8m @ 1.06% Cu fm 57m, 3m @ 2.03% Cu
fm 58m, 1m @ 4.27% Cu fm 59m & 1m @ 1.46% Cu fm 62m4
Gianni Kovacevic on Copper Outlook. https://youtu.be/wVqWhM9COLM
All the fundamentals for a copper super cycle and imo point out why CCZ are in a perfect position on way to proving up a resource and becoming a Cu miner.
Commodities super cycle warming up.
https://www.mining.com/web/jp-morgan-sees-commodity-supercycle-already-kicking-off/
Copper price highest since 2012. CCZ is making discoveries. Strong re rate coming as copper rally continues.
https://www.mining.com/copper-price-rally-reaches-new-high/
The historic drill results are a great find imo and a great start from the appointed geo consultants. The facts are facts and we are seeing good grades from surface further proving up the copper deposit. Great buying with still so much to come.
Indeed MickZ. reposted from your HC post. Thanks for sharing.
CCZ gaining some good attention as investors are rolling in to the copper space and what better potential than CCZ at the moment. Lots to come and eyes are watching.
Have a great weekend all!!
Castillo Copper – moves to accelerate Big One Deposit progress: BUY
By HotStockRockets | Friday 5 February 2021
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from *************). I have no business relationship with any company whose stock is mentioned in this article.
Castillo Copper (CCZ) has announced the appointment of two key service providers to accelerate the next phase of development at its new copper discovery at Big One Deposit in Australia and emphasises that it is “now moving aggressively to extend known mineralisation, identify new targets and prove up an inaugural resource”?…
The appointments are geology consultancy ROM Resources, to model up a maiden JORC compliant inferred resource, and geophysics consultancy GeoDiscovery Group, to undertake a geophysical survey targeting the identification of massive sulphide bedrock conductors along the 1,200m strike extent that potentially extends known mineralisation and insights into several known yet under-explored nearby anomalies. Those should then enable further drilling campaign refinement and optimisation.
We noted on recent 3.20p offer price recommendation, further potential upside should become apparent when assays for drill-holes 307-14RC are received, as visible, shallow copper oxides and sulphides were intersected and, together with the above noted, there looks strong near-term news flow potential – the latest also including “the geology team are working on a comprehensive update of the Big One Deposit which is expected to be released imminently”.
With also particularly the Broken Hill-related spin off potential with Australia addresses amongst the hottest in this hot sector currently, we continue to see upside from a now circa £35 million market cap. Already up on our tip from a few weeks ago, at up to around 3.4p and targeting a return to comfortably above 4p, this is still a news flow and sentiment-driven buy.
Perhaps the drilling company is taking advantage of the weather if the forecast is not raining, even better for us shareholders, but it is meant to be the wet season this time of the year in that part of the country. Which in turn i think is given us great opportunity to pick up the stock at cheaper prices before the drilling campaign is continued.
Financials are looking great. Plenty of money in the till for further exploration work through out the year. Once the rain has cleared it will be full steam ahead, update Jorc, mining lease application and further drilling at Big One and over to Arya.
i think CCZ in set up for a very stand out year.
Copper Warehouse level continue to drop. Great outlook for copper and CCZ.
http://www.kitconet.com/charts/metals/base/lme-warehouse-copper-30d-Large.gif
With the discovery and further drill results to come and further drilling to be done at Big One plus Arya. Not to mention the Zambian assets. I believe CCZ is highly undervalued and i will keep trying to soak up as many as I can before the rest of the market catches on. Looking forward to the coming weeks/months Copper2021
Great buying at these prices. Drilling to be finished soon at Haneti and with some good Nickel hits, with the way Nickel stocks are looking atm, the share price will move up nicely. Hopefully an announcement on the way to start gearing up for a drill program at the new Paterson project as a discovery there will send this to the moon. Everyone will want to get onboard the next Greatland.
This stimulus will be a massive bonus for the copper market and Copper juniors such as CCZ for further momentum and investors looking to jump on board the next Copper discovery. Even without it the rise of EV and cleaner energy is imminent putting a company like CCZ in a great position. I think the timing of this company is spot on as the copper rally starts gaining traction. I also think this company is still flying under the radar, so we have still a lot of up side to come in the coming weeks/months.
Great week for CCZ finishing strong on the ASX at 6.6. With all these instos coming in and buying parcels on market, i feel we are just at the beginning here of things to come. A strong finish today on the LSE will set us up nicely for next week and our next set of assays. Well done to all holders and enjoy the weekend!!
Agreed. If we can hit anywhere near the last set of assays to give further evidence of the deposit, i can see this trading at least double the current valuation over the next few weeks, if not more.
Mining specialist Charlie Stephenson from SI Capital talks through the results from 20 holes, of a 35-hole shallow RC drilling campaign.
https://www.proactiveinvestors.co.uk/companies/news/938103/castillo-copper-unveil--fantastic--copper-discovery-results-from-big-one-deposit-938103.html