Member Info for EyeGuy

http://www.canadianminingjournal.com/features/little-deer/

Worth looking at this. Found information to say the NPV here before any of the drilling after 2010 had an NPV of $87 million, Priced at zero here imo

1,992 meters of exploration drilling was completed from September 1, 2019 (the cut-off date of the previous exploration press release dated November 4, 2019) to November 15, 2019, at an average all-in direct drilling cost of CDN$75 per meter;

· New drill holes have intercepted the Ming North Zone (MNZ) of massive sulfide mineralization approximately 140 meters down plunge of the previous deepest hole drilled in the MNZ that intercepted the ore zone (Hole R19-745-04). Highlights from the latest drilling include:

o R19-745-08 - 74.75 meters (m) downhole width of 8.98% copper with 2.16 grams per tonne (g/t) gold and 14.23 g/t silver, which includes two separate intervals shown below;

o Including - 27.77 meters (m) downhole width of 11.97% copper with 3.14 grams per tonne (g/t) gold and 19.23 g/t silver

o And including - 19.30 meters (m) downhole width of 14.85% copper with 2.94 g/t gold and 21.57 g/t silver

yep. the Ming one north has 75m copper @ 9% and gold at 2.16%
Not included in resource

slide 8 - Ming North zone. This shows the most exciting drill hole and offers the exploration upside.
Plus lower footwall zone.

Tro- morning. I remember Kira from JLP days but haven't seen him posting, and not aware of posting under another name. I see Kaiser B who was posting at the same time is active there.

Seeing reports of analysts predicting $10k copper which is just over $4.5/lb
If you plug that into RMM you will probably be close to a billion dollar project here.

malik- READ THE PRESENTATION AS YOU ARE QUOTING OLD NUMBERS ANN THE NUMBERS MOVING FORWARD ARE DIFFERENT !!!!!!!!

Rahee. That is correct, the update figures are on the presentation.
No point trying to talk this down on copper values from 4 years ago. Copper is flying and this company will make shed loads of cash at these prices. If you don't think copper will do well don't buy it. simples

Malik- that is wrong. Average LOM C1 cost $2.13/lb
With expansion to duckpond its $2.03/lb
NPV of $298 million worked out at $3 copper.
At $4 copper its almost double. Copper futures over $4.

worth mentioning again, at $4 per pound copper profits will be circa DOUBLE to what is on the presentation.
As this was based on $3 copper and circa $2 cost.
This company of course was in trouble when copper was low $2's and needed funds. But how it changes now it has funds and copper is almost double. Great timing I would say

lets see 0.40 before close

Will keep going. £26 mill mcap vs assets possibly 20x that
I’ll hold thanks lol

holding for gold ( I mean copper) could be a lot of big blue days coming here.

thanks. I was very clear about the share price action before and the previous low price circa 0.24 was a reflection of the sells from the fundraise and associated overhang. This valued the assets though far too low. Now you have to take into account the monies raised to repay all debt, plus have the money for upgrades too. So all in all this mcap is way too cheap. If you compare to other copper miners churning out $50 million per year what should this be. 2-3p???
not 0.3p that's for sure
dyor

1p is circa £81 mill mcap and that is still too cheap imo.
Considering some companies that haven't produced anything are worth 10x that.

potential £200 million

Its all about the market cap. we have seen explorers like EUA and GGP have mcaps of over £1 billion based o a resource. Im aware EUA have small scale production but their mcap taken mostly by future value of resource.
Here we have $3.5 billion of in ground copper on a JORC, $500 million of gold. Plus silver. Plus future expansion of resource plus production coming in the shape of over $50 million cash flow per annum at these prices with duckpond.
All for £23 million. This has a long long way to go for fair value imo

yep. nothing to worry about there. £25 k of shares ish

Evening Tro. Anything over $3 copper and the monies coming in here will be amazing. At $4 copper profits are doubled.
Just can’t see how this will stop - as exploration will keep adding value and also doubled resource for one of the areas if you take a 1.2% cut off for copper. At $4 copper surely that’s profitable.
Super bullish here. Plenty of newsflow coming according to presentation

If GGP and EUA have mcaps of £1 billion, is it unreasonable for this high grade copper producer to a have an mcap of say £200 mill?
Certainly £20 mill is taking the ****