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Atico Mining Corp V.ATY

Alternate Symbol(s):  ATCMF

Atico Mining Corporation is a Canada-based company, focused on exploring, developing, and mining copper and gold projects in Latin America. Its segments include El Roble mine, El Roble exploration and evaluation (E&E), La Plata E&E. Its El Roble mine segment include its mining operations at El Roble. Its El Roble E&E segment include E&E activities at El Roble. La Plata E&E segment include E&E activities at Compania Minera La Plata S.A. (CMLP). The Company’s principal project El Roble mine is an underground copper, gold and silver mine and processing plant located in the Department of Choco in Colombia. This operating underground mine has processed approximately 3.5 million tons of copper-gold ore. The La Plata project is a gold-rich volcanogenic massive sulfide (VMS) deposit. The La Plata project consists of two concessions covering a total area of 2,235 hectares along its nine-kilometer length, which contains mineralization in two VMS lenses and nine priority exploration targets.


TSXV:ATY - Post by User

Bullboard Posts
Post by seisdeplataon Jan 26, 2013 5:55am
296 Views
Post# 20893560

how much mineral?

how much mineral?

estimating previous drillings by atico at el roble mine gave numbers in the range of 2m MT with average grades of 2.5 percent copper and say 2.5 grams gold. A nice aspect of these already god grades is that the Ganozas are miners not just explorers or developers, and taking the plan to a 1000 MT per day operation seems something within their expertise. A Q on Colombia, true, but this was in a mining base. It is a query for upgrading. The additional 190 meters with grades doubling the earlier are just out of the ordinary, and they are adding tonnage. But  How much? 190 meters deep but which is the estimated volume?

If the body is 1 mMT the grades being double, the doubling of shares is well justified. Previously, I had drawn Valuation of a 1500 MT day mine operation of 5 years, and got sales of a gross 700 million dollars, using 1300 dollars per ounce of gold and 2.5 for copper pounds. Now this will be just double or more. Before they get into the economics, it seems a rich, very rich case for a case requiring reasonable CAPEX and initial investments in a gradual development. Pan comido for experienced miners. The tunnels into the new body are already there.

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