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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
Comment by seisdeplataon Jan 27, 2013 8:50am
173 Views
Post# 20895788

RE: The Next NEVSUN... Hopefully.

RE: The Next NEVSUN... Hopefully.

so, if 333 dollars per ton of mineral is the base of El Roble at 2.5 grs and 2.5% , 2 million MT of minerals yields 666 million of value of gross income of the base case. The 192 meters with higher grades at the bottom of the current mine should yield an additional million, and possibly another like amount in sales. this is before they work on the usually present four or five nuts present in most VMS type deposits that are probably within the reach of their property.

modelling a mine plan of five years at 1200 tons per day earlier for El Roble gave ground to value atico at more than 100millions... this addition below the present mine, yields a doubling of minerals justifying higher capex and a larger,  2000 tons per day for 8 years or more of mine plan. It is a possible, feasible mining venture for the Ganozas....who did just that in Peru with Silver Fortune, and hence a much higher value for the current shares.

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