Post by
Wangotango67 on Apr 20, 2023 10:31pm
NORTHERN B.C. - COPPER- MOLY
Fort St James -
Centerra Gold pretty well has the show in these parts.
Red Chris Mine... 450 km from Prince George.
Imperial Metals Mount Polly is 350 km south.
Kutcho Copper is even further orth of, Red Chris
Copper Mountain just recieved an - offer...
Shareholders seem ot want more $$$
North West Copper is only beginning to
drill thier claims near Fort St James.
Leaving - PEMC - whose aside of, Centerra's
Mount Milligan.
Flag #1 ( mine resources on countdown )
Thing is.... Centerra, ( my own opinion ) 2021 - 22
drill results for Mount Milligan were - lack luster.
Very low grade drill results -
Milligan runs only till - 2033.
If that... i would say... could be hard ot mine the
new drilled copper zones - very deep - lots of overburden.
Flag #2 ( mined out )
Centerra's - Endako Moly Mine - is shut down.
No reserves - and what's online states - 2028
mine life - not much left.
Flag #3 ( Turkey's political envir changing )
Centerra's - Oksut Mine - located overseas - Turkey.
1.7 - mil oz ( all categories )
Flag #4 ( not mining ) nice mine site, though.
Thompson Creek Mine - Idaho -
On maintenence.
Good Operation -
Centerra's - Langeloth facility,
Pittsburgh Pennsylvania,
Molybdenum roasting plant - toll conversion
Flag # 5 ( new mine stresses - costs - 1st yr - performance )
Goldfield - Nevada
Gold mine
Not yet... up n running.
Flag # 6 ( new mine ) ( stresses - costs - 1st yr - performances )
430 km northwest of Prince George
Kemess underground mine.
Nice mine site - but... small tonnages.
$450+ million to get it up n rnnig.
Centerra's stock - 2.07 million shorts.
------------------------------------------------------------------------------
PEMC - is located very close to - Centerra's - Mt Milligan
PEMC - has historical copper, moly, gold, silver.
PEMC - is sitting @ ( 1 cent to 1.5 cents )
PEMC - has something Centerra needs ( cu, mo, )
PEMC - has no website up
PEMC - didn't offer up assaying methods in last press
PEMC - moly values have decresed when compared to historicals
PEMC - is awefully silent
PEMC - has larger players ( involved ) Silver Corp ?
PEMC - JV'D a claim to ( 1111 Exploration )
1111 - changed their name to - Teako Minerals
Teako Minerals - has a larger player assistence
offering a good portion of drill money costs -
Norwegian Company.
What does al lthis spell ?
Not sure.
But... having 47,000,000 historical tonnes
in two zones - 47 mil x 2 = 94 mil tonnes
A + B zones - 0.30 copper grades just sit idle...
C - zone - tad lessor copper.
And al lthe while - Centerra is running low on copper + moly
no movement on - PEMC stock - makes no sense.
Silence is deffening.
It is interesting to know...
Mt Milligan does have molly.
But... never a mention of it.
Centerra = is an expert at molly.
Other properties with molly and a roasting Plant in USA.
-----------------------------------------------------------------------------
So.... will our Prez from PEMC break the silence ?
What's the plan going forward ?
A great plan would be...
Centerra forms a JV - pull this lil junior above water.
But what do i know... other than, our juniors has
some serious copper and perhaps moly ( gold, silver )
just sitting there...
Anyone else ?