GREY:PGDIF - Post by User
Post by
Kidlapikon Jan 14, 2016 8:53am
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Post# 24457151
CH-6 2.58cpt CH-7 0.88cpt as a starting point
CH-6 2.58cpt CH-7 0.88cpt as a starting point You are correct that nobody would make a mine on the CH-7 deposit of 0.88cpt with the expected low $100us value BUT CH-7 was never suppose to be the center focus of this project anyways.
CH-7 has always been envisioned as a potential millfeed to prolong the reclamation and shut down of the facility. With valuations in the $125-150us range it accomplishes that task. It would have been great to have 1.5cpt at $200 but that did not happen. It does not sink the project.
CH-6 is the flagship and has just got another big increase. PEA will prove this mine is profitable and with PEA in hand management will explore every available financing/partnership option. Robert Friedland in this incredible bear market for commodities managed to sell 50% of the flagship kamoa copper project to a chinese company for $412-million US, before that they sold 10% of their company for $1.36/share a major premium to the price the market gave them. Right now Robert and Eric combined own 40% of the company. You want to talk about skin in the game who gets burned more if this fails you or them? Who knows more about the mining game you or them?
We are nearing the PEA a major milestone for any project. A milestone that will show in plain language the incredible economic potential for this project.