Member Info for porvenireal

It's prestigious to have the Norway Oil Fund involved. Sure beats Sprott Financing.

Geez i sure can pick 'em.

Oh, that board's full of mental cases! ;) Not my fault. Maybe that's what I'm doing here.

Mate, I would hope everyone knows those basics, or they shouldn't be picking their own mining stocks. Every project has many pro's and cons, and with many of them they simply translate into costs/discounts that can be quantified. Does being half way up a mountain in Colombia cost more than having to pay 4x for your labor in Australia? That's what studies are for.

Yes grade is not everything, but when you have more or less the lowest grades of you peers, without any special advantages such as oxide leaching or free dig or an established plant, then the project is well and truly up against it. Sure there are high-grade deposits which never make it, but there's an infinite number of low-grade deposits which never make it, eg your back yard.

Disappointing grades scuppered far more projects than politics or topography ever did.

Compare that with Libero Copper's recent 1229 metres @ 0.58% Cueq. Their market cap is less than half of xtr's.

I stuck that 104m @0.24% Cueq into the drill hole calculator..... https://explorationinsights.com/drill-hole-interval-calculator/

If you subtract all the highlight intersections from the main one, you're left with 70 metres of 0.038% Cueq. Good luck mining that.

Another one of the copper porphyry mobs that I've been touting here has a deal today. Havilah hav.ax has an option deal with Oz to sell their main property for $205m cash + $200m contingent payments plus a $75m work commitment. Even after the announcement and today's 85% rise, they still only cost about 5m quid more than xtr. I would ask yous to again compare the pair...or at least just check out what this comparable competitor is up to.

Well I don't believe that at all, but the share price has held up quite well.

Quite right, they should lift their game.

Using the term "conspiracy theory" incorrectly is a classic midwit tell.

It's like when you pretend you've got three wives, bit you're really just trying to get your end away.

Eric Cantona and Andre Kanchelskis have got this under control.

I wish they would show us an aisc for the gold, using the copper as a by-product. I mean why not? They're close enough to 50/50 during the early years. Frame it as just about the world's cheapest gold producer, maybe attract a higher multiple.

The gold does that certainly, but the silver is small fry.

I wouldn't mind if they sold all the silver in a streaming arrangement. It's such a small part of the whole story, but there are certainly companies that would want it. (It would have to 2ndry to the existing Franco arrangement.) A good example of this is a mob called genm.v , who flogged their gold and half their platinum to Wheaton, keeping their main course of Pd & Cu. They got a couple hundred million for construction, effectively cutting their capex by a third and thereby seriously lifting their NPV &IRR. Now our silver can't do that for us, and maybe we're looking for keep the lights on funding, rather than capex funding...but if it meant here's (pick a number) millions, let's go put 30 drills on the regionals....well I would welcome the chance to monetise our exploration portfolio before someone nabs the whole lot.

It's looking less and less like a business, and more and more like a science project.

People's emotional reactions here do depend on what they're born with, but moreso with their time frame for their bets. Solg/dgr/cgp forums seem to have concentrated a scientic-paper-worthy collection of unique mentalists, (and I fit right in when sufficiently ****ed, which is increasingly common.)

Anyhow, she'll be right.

Numbed one for hairy asses...i dunno, do i look like a biologist?

Ecuador is ranked number one in South America by the latest Fraser report, fwiw.

Good luck to "us." Yeah, nice trick. We know your moodswings match your position,