RE: About Time29 Apr 2026 21:55
IrishDunce peddling his usual BS. "Poor to average results" ?
Shows how little you know.
In addition to Jimzi's excellent post earlier, literally a few seconds of "research" will tell you that the 1.2% Cu we're targeting (and seemingly exceeding) is twice the current industry average:
"1.2% Cu is a very high and highly viable grade for an open-pit copper mine. In the context of 21st-century mining, where average grades for large-scale open-pit porphyry deposits often fall below 0.6% Cu, a 1.2% grade is considered excellent and typically supports strong economic viability, especially if the deposit is near the surface.
Why 1.2% Cu is Attractive:
High-Grade Status: According to industry analysis, open-pit copper grades above 1.0% are classified as "high-grade," whereas 0.5%–1.0% is average, and below 0.5% is low-grade.
Comparison to Major Operations: Many major, long-life, and profitable open-pit mines operate at much lower grades, often making up for it with massive economies of scale (e.g., Collahuasi and El Teniente in Chile operate around 0.73%–0.79% Cu). A 1.2% grade often implies significant profitability, assuming reasonable mining costs and strip ratios.
Mineralization Type: Porphyry deposits are often in the 0.2% to >1% range. 1.2% is at the upper end, potentially indicating a higher-grade zone within a larger system, similar to high-grade skarn zones.
By-products: A 1.2% grade is even more attractive if the deposit includes credits for silver or gold"
Not only do we have the low mining cost environment and the Silver / Gold credits to make this even more profitable. But we have now some areas have 5m thickness of mineralisation, 2.5x more than the anticipated 2m.
Coupled with the lack of significant copper discoveries worldwide and neat ATH prices, this all bodes extremely well and backs up the firm belief of CL and others on site that Agadir will see CMRS transform into a mid cap miner in the coming years. 💪
As Dan' said earlier, keep tucking them away and this will blow in good time.
Perhaps a few placing shares to wash through as suggested that's preventing the rise atm, but this will soon change 📈
Sign In
Follow the stocks
