RE:RE:RE:RE:TFSA 2024 Contribution$5b is resources? Fom the surface? Based on the drill results included in this years planned MRE (no Thunder for example).
No this $5b is not a realistic number - even if you use $30k a tonne copper. This comment is a sympton of sillyness based on an underlying condition known as "not knowing what talking about".
How much money do yuo make from resources? None. You make money from profits which are factored for interst and time to something called NPV. (resources less cost to extract over time).
This Storm is a neat project that is 5+ years away from any NPV calculations.
Even is the resource was $5b (again it wont be), the market sees the fact that a surface mine at Storm mine will never be profitable.
Its all about the deep sediment deposit, its all about drilling the deep this year, and its all about WAITING for an actual valuation projection. Resorurce estimates are not that.