Geologix Explorations Inc GIXEF

Copper may save our butt

[PV_fubar]

Mt Milligan going into production... similar to GIX

https://finance.yahoo.com/news/thompson-creek-metals-company-celebrates-110000143.html

[PV_fubar]

https://www.kitco.com/news/2013-10-11/KitcoNews20131010AL-Mt-Milligan-Copper-Gold-Project-Ramping-Up-To-Commercial-Production-Thompson-Creek-CEO.html

[StocksLynx]

Not only copper, but the dual nature of the mine, only Copper or Gold would need to stay above the current levels, long term, to be profitable. This reduces the risk. "The Tepal PFS Base Case uses 4 year trailing metal price averages of $1390/ounce gold, $3.44/lb. copper". With the credit of copper: Total Cash Cost per once of gold: $238 All-in Sustaining Cost per once of gold: $290

[Flopticalcube]

Thank you for the analysis. I see the same situation in many of the juniors, both on the Venture and in the big sandbox. Shares in viable companies trading at massively discounted valuations to current metal prices. The market either expects continuing steeply falling metal prices (difficult to see now that we are closing in on all-in production costs for the industry) or Mr. Market has simply

[SPACEDOC]

This post has been removed in accordance with Community Policy

[PV_fubar]

Connections to Capstone as well. Insiders bucked up to keep the project moving forward (IMO.. they know this is a mine). This is an ideal target for a mid tier copper producer.