Member Info for DrRemington

But you assume it much higher for building a mine. 'Further to today’s release of a maiden MRE for Pepas, TPI has updated its prudent conceptual economic model for the deposit. Orosur, of course, has multiple options in terms of its future mine scheduling and production. In order to illustrate one possible scenario, however, TPI has envisaged Pepas’s evolution into an exceptionally low-cost, high recovery open pit mine, requiring only simple on-site crushing (i.e., comminution to break down larger fragments and liberate gold from the surrounding rock), before being transported to a third-party toll processor.

Note that a number of mills located less than 200km from Pepas and available to take additional high-grade feed have already been identified, suggesting Orosur will be well positioned to negotiate a competitive rate (perhaps giving <0.3g/t or less) for grinding, concentration and smelting/refining, possibly with a view to forming Doré bars as an intermediate product. Another alternative could be to produce a gold/sulphide concentrate (such as is already being done at the nearby Zancudo mine) which can then be sold direct to metal traders, such as Trafigura; this would reduce truck movements and potentially open the option of using pre-payment to support construction. '

No fleet of trucks for £30m required.

Here's a few cig packet calculations to dwell over.

0.3% Nickel is classed as very high grade. Value per tonne out the ground - $50...

Horizonte minerals average grade is 1.6%. Value per tonne out the ground -$30..

5.5g/t at Pepas. Value per tonne out the ground - $650 ...

I'm currently struggling to see a comparison here.

Na na na na na na na na na na na na na... BATMAN!

Do some research Batman, they are not planning on building a mine.

I repeat, they are not planning on building a mine.

I'll ask you this:

So if you pulled out 250kt of high grade Ni, what would its value be?

If you pulled out 250kt of 5.5g/t of Au, what would its value be?

Anyone got any better comparisons,

Any cotton fields to compare to, or bee hive honey producers?

Regards

Robin of AIM

Yeah lets compare a nickel mine to a gold mine.

Remind me the value of nickel per tonne?

Compared to 5.5g/t per tonne Au.

The Batman of AIM strikes again.

Managed to grab a small amount sub 23p.

Bid still stacked at 22.5p, a no brainer.

Easy money.

Element you talk like you are some sort of investing genius because you did well at GGP... Guess what so did I and hundreds of others.

You come here talking buying a fleet of trucks for £30m for transport, £5m for strip. Clueless

Now your coming saying they need to raise... For what precisely? Some trucks you've imagined up in your own head.

You somehow know more than the board about the economics of Pepas?

Doing well on GGP doesn't make you some sort of investing ayatollah. Batman of AIM.. What's all that about.

Let's see what happens when the PEA, PFS drop.

Pepas is just one of many rabbits in the hat here. For uneducated people of OMI maybe, anyone whose follow proceedings here. Far from it

Different order book to what i'm seeing, the bid is absolutely stacked at 22.5p.

It's mad that people appear worried and flapping at the start of this exploration journey, as the company also pivots to developer.

I've never felt as comfortable holding here, I see wise hands like BT adding at the lows. Some will wait until it starts moving back up to add, odd.

Good to read some great, logical posts.. ID, Buyto, Barmancy, OM Etc.

People with vision beyond, today or the week.

This is mining exploration, it is as far from a get rich quick scheme as you can get.

Since the JV separation and Orosur have 100% of the projects the market cap has peaked at 30x what it began at..

Every raise has been at a much higher price than the previous one, the majority have been at double the share price of the previous.That is called successful mining exploration.

Confirming a viable. That is called successful mining exploration.

Let's see what the board here can produce from a fully grassroots project, El Pantano.

There's a potentially life changing 1-5 years coming here, even from this level.

If they can find anything else like Pepas or Apta..... That is called successful mining exploration.

B Positive, no one’s going to think oh wow I’ll jump ship to Jan. We’ve seen the high expectations at MILA when that was getting pumped as the next OMI.. They:

-Own 33%

-Need to raise substantially to get to 50%

-Have never drilled the projects they’ve aquired themselves.

-Seem to have warrant holders holding the price back for now.

Other junior mining companies have 50x - 100x more gold than Orosur… It’s the economics of Pepas what set it aside from others. And…

The absolute huge exploration potential!

They have more cash on the balance sheet than Jan’s current market cap… To explore these cracking projects.

They are incomparable currently, let’s see where Jan gets after drill results, acquiring 100% of the project.

I overlooked this part of Brad’s tweet yesterday:

‘We have major mapping and sampling projects planned all across Anza, **especially at the licences granted just before Christmas.**’

Newmont spent a lot of time on that application many years ago, a huge porphyry system. Extensive mapping and sampling has already been undertaken at La VirginCeta so it’s far from going and scratching the surface.

The license is now granted for drilling. I didn’t expect feet on the ground there until Q2 / Q3 this year but it’s sounding almost imminent.

https://x.com/OrosurM/status/2011027839529762838

As the image shows on the tweet above, there’s been more time spent up there than on any other part of Anza. That Northern section littered with high grade looks interesting. Thanks Newmont.

Collective Mining has zero gold on paper, it has a market cap over £1b, does that mean Orosur is massively under valued?

Jan owns 33% of the project, lets see what drill results they produce, they are yet to publicize any since getting that project.

Personally I hope the Capex is about $250m, after they find numerous repetitions of Pepas and the source. But that's another story.

Elon Musk is just prototyping a spaceship haulage vehicle he plans to sends to Mars.

Orosur have got first dibs on it.

Let's see when the PEA, PFS, DFS's land.

What are you predicting the capex to be with your vast knowledge here?

But Element, you claim to do? A fleet of trucks for £30m. Are you having a giraffe.... This isn't Telfer. They are outsourcing the transport.

£5m on Strip... Have you seen the 3d videos / images of the pepas deposit and where it lies?

Directly from the CEO : 'very low strip (basically zero for half its life) and thus offering the potential for very low capex and opex.'

Would you also agree the costs between Colombia and Australia will differ?

The capex here is predicted by Greenwood at a high end, $15m

From the horse mouth, $15m-$20m.

Orosur have done what the majority of junior will never. Confirm they have a viable mine.

Though Pepas is merely an appetiser with all the other high potential prospects they are to drilling in the coming months.

5% up currently. Let's see how TSX peforms.

Some serious trades going through today:

13x 50k Buys

6x 100k Buys

I've clocked and checked just with the round figure ones, 1.25m there. A quarter of the days volume in those chunky ones.

Same as here with care and maintenance ending in Newmont / Agnico departing.

An absolute blessing in disguise.

It fell to 2p as only a select few loaded up at the lows. It was a no brainer with a couple holes from Pepas, the first being 150m @ 3g/t from surface and with the 38,000m of drilling already undertaken at Apta.

It won’t take long to see 40p and beyond here again, the board are over the moon with the Pepas, Maiden resource. The beginning has begun.

Apologies buddy, miss read your post.

Yes EAW, but the grassroots El Pantano is about to travel its hand.

Previously undrilled areas of Anza will also be seen this year.

The exploration potential is what keeps me here, I like the volatility and hype it brings. Miners are Meh, they just value upon the commodity price usually.

Element remind us what happened at GGP… Did we see Gervaise who was at the helm with the Hav discovery, at the helm when it came as they evolved into Miner.

Come on mate, your just contradict things you’ve witnessed, said…

Malater, you need to take into account the 20-1 consolidation.