Post by
Wangotango67 on Jun 08, 2023 3:10pm
TRACK RECORD
Ian Harris was once part of the Peruvian Mirador.
Mirador mine covers approximately 2,995 hectares (7,400 acres) in the Cordillera del Condor mountain range in southern Ecuador. Its proven and probable reserves are estimated at 3.2 million tonnes (Mt) of copper, between 3.4 and 4.09 million ounces (Moz) of gold, and between 27.1 and 32.3 Moz of silver.
Ian is now advacing the Mocoa Colombian deposit.
4.2 billion lbs of copper
500k lbs molybdenum ( $72k tonne )
Ian, knows Colombia is dependent upon oil ( revenues )
which makes up a good 60+%
Ian, knows the world needs to increase copper stock piles
for the coming influx in 8 yrs.
Ian, has found several satalite copper zones around Mocoa.
Ian, wants to drill more of these satalite zones.
Ian has an ATM share card, $5 million for cash.
Libero, does mention hiring locals + professionals in, Colombia.
Libero has more staff ( corp presentation ) than seen on, website.
One poster mentioned, Ian was seeking stakeholders in, Argentina.
This can conflict with Mocoa deposit, which is in Colombia, not Argentina.
Ian pitches open pit for Mocoa, with inferred mineral measurements.
Ian is a mining engineer, yet passed the task to Anglo, to model
for underground mining, not open pit ( simple shave away mountain flat )
Sum ?
If cathodes for ev's are promoted, it will be in opposition to
current oil producers in, Colombia.
Colombias prez, is under presure from, oil co's.
If copper hydrogen fuel was pitched to prez, and if junior
invited a oil company in on, copper hydrogen fuel,
the tides would turn. Oil companies would not be squeezed out,
rather... they'd be apart of the green hydrogen future.
This is the key which Colombias prez needs to encourage
oil companies they'd still be apart of the - green energy future.
8 yrs, more copper mines and ian wants to drill more and
secure more stakeholders ?
Not exactly the best scenerio for, small investors.
Overtime, small investors are squeezed out.
If the Mirador was sold with - 3.2 ( million ) tonnes of copper,
perhaps Ian shoild be seeking to unload Mocoa with
2.2- million tonnes + 500k lbs of molybdenum.
Not providing a solution to, Colombias prez, including oil co'd.
And rotating from Argentina to, B.c, to Colombia...
Makes for a perfect recipe of, slow build out.
Keeping the caluation of, LBC... very tame.
Just an opinion.
Not investment advice, rather, something for the junior
to contimplate when considering how to bring value to,
either Anglo, Stakeholders....or, perhaps common shareholders.
Libero's current share structure...
Will Libero be able to withstand few shares out, with high monthly
burn rate, low valuation, atm card, lots of staff, many employed Colombians.
Perhaps Ian should consider,
Bringing more shareholder value for, small shareholders.
Otherwise, those who bought in higher are prone to sell at a
loss due to current global economic hardtimes.
Cheers....