RE: SP ANGEL on Castillo Copper Litchfield /Picasso lithium option, 30.9.211 Oct 2021 13:34
aprogerson
In response, go to Hotcopper CCZ and see the title of their ANN as they call it in Australia, not RNS.
Link: https://hotcopper.com/asx/ccz/
So, the word "PRIME" is in the title of their ANN of recent days. Just to make clear that it is not my terminology. So, check.
Next, type out the title I gave from Proactive Investors UK ie Today Market View....of that date.
Have a look at the details given SP Angel also gave Conclusion which I did not type out on this forum nor what was for Picasso but only for Litchfield. So, have a look given it is STAGED and scaled in. However, the FINE PRINT I DONT HAVE as I only have what is reported ie I dont know what happens after CCZ*s SAMPLES COME BACK FROM THE ASSAY LAB [600 from Litchfield] .
By that, I mean whether they want to proceed or not and what the fine print/agreement says. I am not privy. However, Kiran Mozaria, CEO of Cadence is helpful in his interview to his shareholders yesterday. KM said that CCZ will send the sample to the lab for assaying to TEST FOR OTHER METALS AND FOR LITHIUM THE GRADE.
KM of Cadence also said in the said interview that 2 DRILL HOLES WILL COST A$1.3 million. That is perhaps something in fine print ie 2 drill holes. I am just assuming it is A$ although sometimes it is meant to be US$.
As to "prime", it is what CCZ stated in the heading.
That*s my take but check given sometimes, there is error in reading given I read so many RNS that I have got eye-strain, hence typos.
That*s the gist of the terms from what I read but read it up for yourself as that is DUE DILIGENCE & DYOR.
However, KM , CEO of Cadence RNS*ed in 2019 about hiring a Geologist Consultant and his findings. Again, I gave a gist with " " but do always CHECK as I COPY FROM NOTES, not paste.
My note pages use up the side of the page as well and in scribbles so I cant vouch 100% so always CHECK as there can be errors.
Do do more research if necessary as one has to try to find as much as possible to get the whole pic for oneself. This is common to all stocks, not just CCZ.
Hope that clarifies.