Technical ReportWas just reading over the technical report on La Verde again.
It can be found on
https://sedar.com if anyone hasnt read it
Here is what I got from it......
From a prefeasibility study in1972 Lytton calculated the diluted reserves as 82,100,000 tonnes grading0.692 % Cu, 0.007 % Mo, 0.23 g/t Au and 3.29 g/t Ag......this was usinga .40% copper cutoff and copper was worth about
.75 lb at the time
SoIf you add all that up it comes out to about $59/tonne
$59/tonne x 82,100,00 tonnes = $4.85 Billion In situ at todays metals prices
Discounted 90% is $485 Million
Our 60% stake of that is about $290 Million.........not bad for a market cap under $30 Million lol
And all of that is only what is in place already, it does not include any expansion of this deposit(s) or any new discoveries at all......and the expansion is really why all the heavy hitters are in this stock isnt it?
This one is a no- brainer.........but nobody has a clue........not yet at leas