Opportunity28 Oct 2022 10:35
Did a good bit of research on similar copper deposits yesterday & can see from our peers that we will definitely see interest from top tier miners & likely a sharp rise in SP.
“Max Resource Corp (TSX-V:MXR) in Colombia, and Hannan Metals (TSX-V:HAN) in Peru, all claim to have encountered Kupferschiefer-type mineralization at their respective projects. Each is exploring a sedimentary copper basin within the highly mineralized Andean Copper Belt. The belt runs from northern Chile in the south, through Ecuador and Colombia, then arcs northwest into Panama. It hosts some huge copper porphyry (and gold, molybdenum) deposits including Escondida, Chuquicamata, Las Bambas and Collahuasi.
Anglo American, AngloGold Ashanti, Cordoba Minerals and privately held Minera Cobre, partially owned by First Quantum Minerals, are among the major mining companies exploring for copper and gold in the Andean Copper Belt.
BHP, Newcrest, Teck Resources, AngloGold Ashanti and Zijin Mining have all taken stakes in South American-focused copper explorers.
Max and Hannan have also attracted the interest of majors wanting to partner with them, as they move their copper projects forward”
MAX 0.6 - 5.6 since that update in 2020 like ours Tuesday (833%)
HAN 0.08 - 0.52 (550%)
If Shaun & Neil O’Brien (who I’ve spoken with at length over the years) have given this approval as an expert review then it’s just sit back and watch this climb north over the next 3-12 months.
I’m now very confident of seeing a significant rerate. The Mcap is almost laughable & when people look back in a year or two they will all wonder how on earth they never spotted this 1p range and didn’t just spend every penny available on building as large a stake as possible.
DYOR (I have)
Enjoy your weekends.
ML