GREY:HNMFF - Post by User
Comment by
Phinancieron Mar 04, 2010 4:38pm
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Post# 16844788
RE: RE: RE: New to HMG
RE: RE: RE: New to HMG
"I thought that was what these boards where for??"
Nope. The purpose of these boards is to allow Internet tough guys to hide behind their anonymity and post things they would never say to anyone's face.
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But, in answer to your question...
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At these copper prices, anything above 1% is pretty high grade. Historically, very large copper projects of around 0.5% to 0.7% have bordered on the edge of economic viability if they have other metal credits (often gold grades of around 0.5 g/t). Again, they have to be large, bulk tonnage, open pittable deposits (cheap to mine) at those grades.
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Grades approaching 2% copper are very high, which is the beauty of Hana's property.
As an aside, the copper deposits in the "Democratic" Republic of the Congo are so rich and extensive that they would upset the supply dynamic of the entire world market, IF the DRC would ever get its act together and facilitate their development.
Thankfully for copper investors, that's never going to happen.