Member Info for porvenireal

Tech fear is dragging lithiums lower.

$182 billion in situ, and counting.

Ot & Fwiw, vale Shane Warne.

They sold out of hydrocarbons at a market low, so it's not like they're omniscient. Those coal assets have probably doubled at least. Anyhow, they have cash and a green metal (lol) focus now.

If solgold is just a mistress to BHP at this stage, haven't they just hooked up with a better looking, bigger-titted less crazy one in Filo? Why not have two, I guess.

On other stock boards, they're always planning wild yacht parties for when they get rich. For solgold, I think we'd be better off with some sort of intervention/group therapy retreat, with yoga, drum circles and prefrontal lobotomies.

Yeah he's not really allowed to just say that casually, even though (even I think) it's probably true.

I'll take 10 quid in case of nuclear Armageddon. "Needless to say, I had the last laugh."

It would be a nice day to announce we've hit the 30 million oz mark.

The China/Australia dramas are certainly real, and we (really really) can't get our own HMS Astute class attack subs fast enough! (Imagine relying on the French, fmd.) But the chances of that interfering with xtr are very small, short of actual war.

Yep, always good to see people questioning their bets. As for Josemaria, they're more like .45%Cueq, with a m7ch richer starter pit bit. Remember xtr's provisional scoping study needed $5 copper to get into the black. $5 copper would give Jose something like a $5 billion npv. And it's central to the emerging Filo district, which Lundin wants back into, due to Filo being an all-time great, (as plugged here 500% ago.)

I prefer iceberg's comparison to Porvenir...which is also not a world-beater at this stage, although their recent hole with 235m of .9%Cueq from surface bumps them up a few levels. It needs a blob like that to pay off the whole enterprise, and from there your 30 years worth of marginal 0.3%Cueq may indeed pay off as well. If xtr finds that kind of starter pit, then my tune will change a fair bit.

Hello NTM. The African assets must be worth something, although fully a half of xtr's market cap is ambitious, imo. For that price you could buy all of Surge Copper, who already have 3 million tons of copper, in a few deposits circling an unused 20kpa mill in safe and secure Canada (well it was last week.) So they're brownfields, effectively. And of course at a substantially better grade than anything xtr has produced, plus with an excellent starter pit prospect, with grades more like 1% Cueq.
https://surgecopper.com/site/assets/files/5875/2022-02-01_-_surg_-_corporate_presentation.pdf#viewer.action=download

Yeah but that's not the point. Any of us can buy any shares. The point is just to compare relative values for money.

Sorry, 7.5 million tons of copper.

I noticed xtract's market cap was hovering around the 55 million pounds - or 100 million Australian dollerydoos, and I wondered what copper stocks would I buy instead with that 100 mil? I went for the scattergun approach, buying three entire companies in the $30+ million range...Xanadu, Celsius and Libero.

Xanadu - has a defined resource so far of 3 million tons of copper, 8 million oz gold.
It's in Mongolia (ahem) which is an improving (somewhat sketchy) jurisdiction.

Celsius - resource so far 1.5mt of copper, 1.5moz of gold. High grades, some drills incl 177.00 m @ 1.98% copper & 0.95 g/t gold, within 630.50 m @ 0.81% copper & 0.32 g/t gold. Phillipines just lifted its ban on open pits, so on the up.
Has another million ton of copper, with a quarter million tons of cobalt(!) in Namibia. Huge in situ numbers $$$.

Libero - has another 2 million tons of copper, this time along with half a billion lbs of moly. It's in Colombia. Also an Argie porphyry with drilling of 380m @ 0.7%Cueq from surface. Plus two other Canadian porphyries that look to be too low grade.

So thats 5.5 million tons of copper, 9.5 million ozs of gold, $6 billion in situ of moly, and $8 billion in situ of cobalt.

Combined they have $20million cash, have 8 drill programs ongoing, and spread the risks over 6 different countries. They have all had consistently much better drilling results than xtr, except for those Canadian deposits. The deep stuff at Xanadu is running 5x richer than the best grades from xtr.

So I think you get a lot for your money this way.

I'll raise you 2.2p.
Mentioning solgold, brings to mind dgr.ax. They cost $66 million Australian dollerydoos, but own $50 million of ALL stock, $100 million of Solgold stock, maybe $10 million worth of shabby stocks, and have stakes in 4-5 other new or revitalised companies, including Ricca. Value proposition or value trap...who knows. You get an aweful lot for your money....but when how & if do you benefit?

Oh I can't wait for Liz to land her tanks in Odessa! Lol. Gimme a break. Russia might be the one topic to finally unite left and right in their abject ignorance and unrealism. Anyhow...
I disagree that Solgold has nothing earth-shaking on the go. They have 5? Drilling programmes currently, including Porvenir who's last hit was 235m of 0.9%CuEq from surface, TAM which directly feeds into the overall Alpala/Cascabel npv....and the other ones. It is a famous takeover target, which could be tomorrow, or never.

We got a mighty convoy, ain't she a beautiful sight.

Well show me a non-oxide exploration operation who produces worse grades than your guys? Grades are not everything, but they're in the top 3 indicators we got. Show me in Cueq ideally.

He's also a mysogynist and a transphobe.