Member Info for porvenireal

Feck.

[URL=/gif/father-fintan-stack-COival][IMG]https://i.makeagif.com/media/9-07-2015/COival.gif[/IMG][/URL]

Careful now.

The project has gotten larger since my last visit, and one or two holes have had decent enough intercepts....but even 3 billion tons of sub-grade ore is probably no better than 300 million tons. Whereas if they find 100 million tons of near-surface .6% CuEq, well I would change my tune...that could maybe pay off the capex fast enough to be interesting...and I would never rule that out. Drill rigs are ultimately fueled not by deisel, but by hope. A lot of the tons so far are simply too deep to justify a mega open pit ala Escondida etc, given the below average grades. I would never say never, and I'm a yuuge copper bull, but if I'm buying the 47th best deposit in the queue, I might do that if it's still 5-10 million quid, and I still don't endorse that optionality approach in general.

No secret there, I just lost the old password.

It's good to see some of you doing a bit more comparison shopping.

"There are many large deposits in the Andes region that are undeveloped because of the economics and other associated risks."

Yes, and likewise, there are many more large low-grade deposits in safe jurisdictions, that are undeveloped just simply because of the economics.

Remember, xtract's scoping study showed an uneconomic project at any copper price under $5. And barely turning a profit @ $5 is nowhere appealing enough to justify putting $1 billion plus of capex at risk. Paying 47 million pounds for that prospect is still baffling to me.

That's probably good advice mate. I'm overinvested in this, so the stress is aging me. We all deal with the uncertainties differently, but the ones who react with reactive over-certainty do my head in. My problem, I guess.

Well I guess someone's imagination will reflect the actual outcome eventually, in the meantime it's pretty tragic reading.

I thought that was some of z's best work, such as it is. Although that's some serious lack-of-directional drilling, if you start in Ecuador and pop out in Australia. I recall that the antipodes of Melbourne is roughly the Azores, so the other side of Ecuador would be Sri Lanka-ish?

Well i wrote a detailed reply, and this James Blunt of a website disappeared it.

It wou be nice to put a face to a name though. The new CEO should swish his skirt a bit, do some interviews.

Well exactly, lunchmoney. A, that's a strong example, but B, surely if the $347 billion Wanxiou Trains Cats & Footware Conglomerate puts in a $10 billion bid...then deals can move remarkably quickly, right?

NEWS is still here... some jerks ran him out of town for being err umm "Joyceian."

Thankyou zoros for that Ambrian report. It is good, but i would say a shortcoming is that it compares projects' copper grades rather than their copper-equivilent grades, which for instance sells Cascabel short when 30-50% of its value comes from gold. This applies to plenty of other copper projects listed, (although perhaps not to the same degree,) so it is a misleading analysis. Of the course there's no limit to the granularity one can pursue, but I do reckon that would be an important detail for them to tease out.

And besides that, cgp are free to sell their entire company, naturally.

Agreed. The entire Green energy buildout (so called,) is completely reliant on a metal supply which simply will not happen. Well, it'll happen at crazy high prices, but by then the craziness of renewables/rebuildables will be apparent, as the costs at scale filter through to the final product.

Same to you mate.

(Actually that was my plug for dgr options, which are good till Northern Autumn, 2023.)

Are you hanging for a tenbagger by fall?
Is it the only thing to keep you off the dole?
Have you tried bitcoin and Amway?
Do your friends all hate your name?
Cos here's a sure fing, to get you in the game....

Hmmm...novelty Christmas mining songs medley...ok

At least Navidad...
At least Navidad.
At least Navidad,
May be producing after 20 years of crap.....
Err, errr, er er er errrr....
Rudolph the mining executive,
Had a very shiney nose!
And if you bought his paper,
You are sharing in our woes.

All of the other explorers,
Used to promote worthless veins,
But Rudolph led us to Alpala,
Where we all made quite massive gains!
(Just like Bre-X.)

Then one schodde christmas eve,
Santamina came to say.
Rudolph with your mineral site,
Here's four billion, eff off moite.