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It is yes, the CUSN board is very quiet at the moment, I like it as you can share pictures and docs
I think they will take all of the newgen money for working capital
Bear in mind that was a surface prospecting hole, not drill core - they are looking for target indicators at present - that is definitely one. On the Crofty front, I'm just putting a plan on our Discord group.
I'd agree with oiltap at the moment, bigger numbers will come IF the ore resource can support a larger mine and regional expansion.
You mean "What? They actually mined tin in the tin mines?"
To get to that is going to require an increase in capacity, so not for 18 months
I don't ever think I have ever seen anyone do anything as Stupid as Darren did!
Thank you, although there have been times where I've feared being lynched!
What are you on about, there are no sasquatch in Newfoundlsnd, they all live on the East Coast in Washington and British Colombia
If you want some meat on the bones this gives a quantitive risk profile https://seismescanada.rncan.gc.ca/hazard-alea/simphaz-en.php it's low
https://www.volcanodiscovery.com/earthquakes/newfoundland-labrador/archive/2020.html
The mine was essentially worked out of developed ore, so there has been a huge amount of development to be undertaken to get the mine back to a fully developed state, hence the use of contractors.
I think its time to put the past in the past.
What those figures have demonstrated is they continued through October in the same vein as they started (many on here thought that was unsustainable)
Production at present is coming from a low grade stope and development as far as I can make out, with the development ore grade being good to amazing grades.
I would anticipate this month's production being broadly in line with October's and December seeing probably around a 20% uplift in monthly production (remember that December production will be slowed by Christmas) January will then see a 50% uplift to full production.
What we are also likely to see is another jump in grade as a higher proportion comes from the high grade areas, I'm thinking it may be an average grade of 2.7% in January.
Another thing to bear in mind is the mill staff have done an amazing job in lifting recovery to 97.5% - that is simply outstanding work and is probably second to none anywhere in the world.
Finally we are going to be going into January with a new hedge, I'm thinking we are likely to see a hedge of 3,500 - 4000 tonnes of copper at around $9,250 per tonne (this is likely to be announced in the next 4 weeks)
So from our perspective January is setting up to be tge perfect storm: -
1. Increased production
2. Improved grade
3. Improved metallurgical recovery
4. Improved Copper price
If all that hits those figures, that will see a revenue of $10 million in January (excluding gold and silver credits).
I have visions of you being a decomposed body on the investor call!
I wouldn't normally, but after this statement from Darren on Friday, I really couldn't resist: -
Lol - look at my posts on pfc where I took a short. Same response from the emotional amateurs on the board. Result - nice profit for me. Tears for them.
Oh dear, how's that short looking? The tears are certainly running down my face - with laughter!
It's looking like the mill at crofty will be set up for United Downs, so it will pretty much be able to tackle anything.
Most of the county is coarse grained cassiterite the big exception is the Gwenap District which is very much sulphide polymetallic dominated (as you can see in the drill results) which requires a far more complex processing route.
Ultimately the breage and leedstown exploration if successful are excellent Toll processing options for crofty
What I'm hearing is the Leedstown area, about 6 miles west of crofty