Member Info for MTSparky

COPPER - $331
GOLD - $1,872
SILVER - £24.3
ZINC - $2,759

China demand for copper will be huge, China is looking for a greener future.

When Red Star was evaluated by Hardman & Co they assumed the strike length was 320m. The latest RNS though intimates this could be over 1km in length. I believe Red Star will be mined via tunnel under ground and therefore doesn't need planning applications. The fact that they can now fairly accurately map this resource from the surface and create a 3D view. I believe the ore is about 5-10m underground.

Previous value for silver say 70p/sh (Hardman also factored in dilution to 92m shares), we could add £2-3/sh for the enlarged Red Star asset. Fingers crossed !

You can now start to imagine a SP in the region of £10.

Great stuff, please share as much information as possible, this board is a bit low on contributors !!

Thanks for you time RightOn. Much appreciated. What I need to do is compare the information in the Hardman & Co report with the new resource numbers . I believe Hardman had the NPV for Empire at £17.264. Since then the M&I resource has increased, particularly the gold which has risen from 139,000 0z to 238,000 oz.

Any thoughts on the share price based on an NPV of £17.3. The actual NPV for Empire is likely to be a lot higher than £17.3 based on new resource in place figures and higher prices for the metals than was calculated in May 2020.

HawaiifiveO welcome aboard !! Please get more investors in on this gem. The future value of PXC should be multiples of 40p/sh...;o))...RightOn is the resident mining guru, read his posts for more information. The chart looks primed for a huge re-rate on any buying volume. We have consolidated at this support level for months so any breakout should be very strong.

PXC are now getting noticed, we could see $4 copper next year and we are sitting on a potential world class Porphyry system at depth. Correct me if I am wrong but this mine could be worked for decades with huge returns.

RightOn, what are you hoping/expecting to be in the PEA?

I remember Duncan saying, lets see where we are at Christmas, in relation to the value of 4d. He was confident that there would be more value inflection points before year end. ;o))

news could come at any time on multiple fronts. Hold for GOLD me thinks !!...;o))

"Then look at the bottom of that page, and you will see the vertical mapping of the straight black line (line A to A1), and the large copper resource being at depth, and under everything else. That shows the expected copper deposit lying under the whole extent of this area, so much wealth below. So mine for silver, and you get a copper mine below thrown in."

how much is known about the copper deposits that sit under the silver and gold? How sure are PXC that it exists? How much copper is there?

I have just read David Rogers report. A lot of this is lost on me as I am no geologist but he does come across as being a bit excited about his findings.

WKMG by compiling maps, assays, and reports from the previous century, concluding that:
"this northern part of the system remains unexplored with indications of substantial ore potential within medium to high grade polymetallic base & precious metal systems offering significant collective potential tonnage."
Based on the available information from Red Star (3 reverse circulation drill holes), Maund also wrote:
Recent drilling undertaken by PXC plus the geology of the Red Star prospect, and underground mine and stope plans from the historic Horseshoe and Bluebird Mines, suggest mineable widths of between 2m to 16m are achievable at medium to high base metal + silver grades.

A re-evaluation of the resource potential of the WKMG, incorporating new knowledge from North Pit provided in this current report, agrees with Maund's (2019b) conclusions.

Has anyone tried to contact Rasik Valand ? What is the corporate structure of Third Energy Holdings Ltd?

I contacted Third Energy to enquire about their involvement with HALO:

"I’m afraid we have no record of HALO and so this must have been something that Rasik Valand did privately. And you are correct, Rasik left our business in the first half of 2019 so we no longer have any contact with him."

if a vaccine is only 90% efficacy that still leaves plenty of people that may have lung inflammation issues.

...is still at it. MM needs to work this sell order before PEA or we will never escape this quick sand. Could be Martin Hughes getting out. PXC need a new investor to replace him quickly.

Aren't we due an update on this before XMAS?

HALO are in such a good position for someone to come in and drive the company forward. The Engie relationship is a great selling point. Either AC delivers something or we act for change. I doubt much will happen before XMAS. There is a chance someone will make an offer for the biz or merge into an already listed company maybe. We need to keep pressure on AC to talk to us.

So we have a large oxide copper/polymetallic system near the surface which is valued around $1,3 billion at Empire alone. Plus values for Red Star and Navarre Creek. They know for a fact that there is a deeper polymetallic sulphide vein system that feeds the shallow systems. All of which is sitting over what appears to be a fairly large Porphyry system the boundaries of which are unknown.

EYE POPPING & MOUTH WATERING !!

Porphyry copper deposits are currently the largest source of copper ore. Porphyry copper deposits represent an important resource and the dominant source of copper that is mined today to satisfy global demand.

The Bingham Canyon Mine, more commonly known as Kennecott Copper Mine among locals is an open-pit mining operation extracting a large porphyry copper deposit southwest of Salt Lake City, Utah, in the Oquirrh Mountains (which is nearish to Mackay Idaho). The mine is the largest man-made excavation, and deepest open-pit mine in the world, which is considered to have produced more copper than any other mine in history – more than 19 million tons.

Bingham Canyon has proven to be one of the world's most productive mines. As of 2004, its ore yielded more than 17 million tons (15.4 Mt) of copper, 23 million ounces (715 t) of gold, 190 million ounces (5,900 t) of silver, and 850 million pounds (386 kt) of molybdenum. The value of the resources extracted from the Bingham Canyon Mine is greater than the Comstock Lode, Klondike, and California gold rush mining regions combined. Mines in Chile, Indonesia, Arizona, and New Mexico now[when?] exceed Bingham Canyon's annual production rate. High molybdenum prices in 2005 made the molybdenum produced at Bingham Canyon in that year worth more than the copper. The value of metals produced in 2006 at Bingham Canyon was US$1.8 billion.

PXC MARKET CAP £25m !!

....is the key for me. They handed HALO a generous price fix for gas supplies which shows they have a good relationship & confidence in AC. There is clearly an opportunity to exploit that relationship in a more value enhancing way for someone with the energy and ambition to suit. The lack of any visible plan for HALO is so frustrating. FFS talk to your shareholders !!!!

Natural Gas Hedging
Additionally, hedging arrangements are now in place for 2020-21 to better support the gas price HALO realizes for budgeting and corporate finance. The Group has entered into a hedging plan with ENGIE covering the following volumes and prices:
• 64% of annual sales @ €17.80 in 2020
• 24% of annual sales @ €17.63 in 2021

Further hedging will be considered in 2021 and beyond to further protect company revenues from any continued gas price volatility.

Tullow 101 assets will be running dry soon. The next jam on the horizon will be carbon capture...yawn!

From 2025 The Future Homes Standard will prohibit new homes from being connected to the gas grid in the UK. Increasingly homes/block of flats are being heated using electric heat pumps. With EV charging also increasing in popularity you can see a downward trend in the use of fossil fuels beginning. I read this week that Rolls Royce are building 16No nuclear generators in the UK. https://www.bbc.co.uk/news/science-environment-54703204

I like copper, gold and silver. Maybe Hydrogen.

No income so value is news driven. Let us hope some good news comes from nowhere and leaves us feeling smug !!