RE: Same old same old from me26 Jul 2022 20:25
Well I'm not shot down, because you guys don't even know what you don't know. Not that you know nothing, because you're smart enoigh to be after copper porphyry systems today. And not to say I know everything, because it's a great big industry full of experts who I aren't one of.
I accept and like xtr's jurisdictional and logistical situation. My angle is that these plusses won't compensate enough for low grades, so it's a non-starter. I've been wrong before, but I'm just saying my piece.
At $5 copper, the starter-pit here is almost NPV positive. There'll be a new resource and a new scoping study...to roughly paint the new numbers.
And all I'm saying is, that my hunch is, the numbers will suck! Look at that recent copper PFS from that WA mob I brought up this month...Australian, large, (bit too) low-grade copper, with really good access & permitting. 90% the same as xtr.
But they have a consistently higher-grade mineralisation, and yet...with a now disappointing PFS.
If xtr's drilling is considerably worse than that mob's were...then how can xtr come up with a better result? What parameter of excellence will see them make up the gap, then street the field?
Now no insult to the workers involved, who are just exploring...vast majority of exploration doesn't land a mine, you study it up until the scientific assessment of the anomaly is produced. Then they send you somewhere else. And the same goes for any internet stock forum professional liars out there...it's just public relations, at the end of the day. The money goes where it will.
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