Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
THanks, Prickly. Really been waiting forward to this email update.
Since SD has started, we have had an extension of EG, an update on SW, agreed Juri works program and commencement of this, a new corporate presentation, new brokers, several updates from NCM, couple of interviews... He’s only been in post since 8 FEB ffs...
He ain’t hanging around.
SD is a lad with big ambitions for the SP.
But he himself said Hav underpins all this. Once we have a proper revenue stream he will probably scare the beJezuz out of us with his corporate action. Rome wasn’t built in when.... hey?
ATB
SoS
More than happy for this to be our new holding level until more news flow. And we are soon due a steady flow for a while, so Cu price rise doing us no disservice at all.
GLA
From pg 3 of the Edison 2011 report
https://www.edisoninvestmentresearch.com/?ACT=18&ID=6443
The Exhibit 2 map shows the Lepanto deposit, then Far Southeast Porphyry and then adjacent to that is the Mankayan Porphyry.
Lepanto is owned and operated by Lepanto Consolidated Mining (they haven't updated their website for a while). Bit of a family affair.
https://www.lepantomining.com/our-company
Lepanto own 60% of the Far Southeast deposit, with Goldfields holdng the other 40%, with the option to gain 20% more from Lepanto.
Here is the google earth image link of the Lepanto mine.
https://www.google.com/maps/search/lepanto+mine+mankayan/@16.8811379,120.7655558,6543m/data=!3m1!1e3?hl=en-GB
You can clearly see the tailings dam, the airstrip.....
Lepanto don't say how big their production facility is, but I've managed to find their annual financial report for 31 Dec 2019. There's loads of info there. They are shipping all their gold/silver dore and copper concentrate directly to HK, TW and China.
https://5e6aaba9-c5a8-4eec-ada3-ef9ee784d1f6.filesusr.com/ugd/d6dc2e_a5d0b1edd05c4c26894d4db2bdfa32ca.pdf
With a conveniently situated mine with all the infrastructure in place and with all the skilled workforce already in place, our Mankayan deposit looks pretty darn beautiful. You don't find all your mining stars aligning perfectly very often. But in this case, it's looking pretty awesome.
Go for it, Colin!
ATB
SoS
Interesting article which bodes well for copper deposits outside of Chile.
https://www.ft.com/content/666fd42f-b4c2-4e45-a7f8-708543d2535e
Bottle, I hope you’ve now found your calling. Excellent job. Well done!
And as for Bamps... First class. I feel a few emails need firing to Greatland. They can ignore most of our emails, but not those from you, Sir. Respect where it’s due. Thank you for sharing.
Thanks, Andmillsy. CB is certainly not hanging around. Future definitely bright for BZT. He is definitely excited about Mankayan.
Patience will ultimately be rewarded here.
Hi, NoEasy
Short answer is ‘no’. Not a core asset currently.
GGP has employed an external to review all our assets. So maybe news sometime later in year, but current emphasis is Hav, Juri and Swag.
Look at THR. Their PIlbara tenement lies East of Panorama. Great pics of a bloke with a spade n bucket finding gold nuggets.
Hope that vaguely helpful.
ATB
SoS
https://www.pscp.tv/w/c2Bb2XR3LTEzNDQ0MTUwNTk2NDEwNjU0NzR8MW1yR213WXFuYU54eYFs7fXY998FGBPVC_JfFttFRPAyl-zTMo0K_lr8YqBn?t=7m23s
Listen from 7:20. Contractors interested in Namibia Hope project.
And then of course geophysics hopefully underway in Zambia. Namibia geophysics currently underway, but that’s 130km of flying back and forth, so might take a while for that to be interpreted.
And then don’t forget we are shortly due the official assays from the 2 holes in Zambia which had promising XRF hits over 100m each!!!
Did anyone else notice CB’s comment about Hope at the end of his last Zac Mir interview? Was faint, but he seemed to say the Namibian contractors were keen to mine that deposit themselves. It’s right at the end. Worth a relisten.
Shoot!
Did it answer my question....?
It always appeared around 8 or 9pm (UK time) - late afternoon US or early morning Sydney.
Can I add to this... A significant portion of your cost to produce is a processing plant. Big infrastructure. Big money.
Kanye in Botswana has Canadian neighbours with active production... Kalingwe in Zambia has Chinese neighbours with active production.
Now, if they have spare capacity and are willing to toll process ore, then you are IN THE MONEY. Or, at least, are a very convenient JV partner...
Have a great weekend.
SoS
Hi, Newto...
Difficult question to really answer.
Most copper miners produce a copper concentrate which is sold to refineries. Same with gold dore bars (70%) which get refined at the mint.
The main issue is not so much the spot price, but the hedged price as well as your AISC. The biggie is the AISC - the cheaper to pull it out the ground, the bigger the return. Your best path is to do some research on AISC - that will improve your calculations and give you a more accurate final figure.
ATB
SoS
HAD 130....
Look at the numbers on that baby...
Hi, Tom
No issues for me. Sorry, seems you asked an hour ago.
Nice and quiet on LSE.
Take care.
Seems like our less-than-friendly house troll has been banned again. After the morning confrontation I reported it.
This share is a hidden gem.
We don’t need that nonsense.
Onwards and upwards!
GLA
Why am I seeing green boxes?
The serious player is staying silent, but me thinks a muppet has come out to play.
I never filter a serious player.
"Hello, nevergone." Seriously, I would love to kow the answers to my questions, if you ever find the time.
(Waving emoji)
A week since we last heard from our friend.
Last time he/she said they were almost done buying. And had almost become civil...
Seems that the SP is being released to do as it pleases again.
Hydro's speculation / conspiracy theory looking pretty darn accurate.
Bring on the TR1 - if that lands then, after his GDXJ success, Hydro is genuinly going to be elevated to super-poster status!
I really want to say BOOM
(laughing hysterically)
Honestly.
Not the first time someone has spent considerable effort in disrupting discussion on the board.
Come on, LSE.
Enough is enough.
Get a grip and sort yourselves.
Hi, Russkie
Check out TMT’s posting history.
He has posted the explanation of this several times in the last few weeks.
Regards
SoS