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Perpetua Resources Corp T.PPTA

Alternate Symbol(s):  PPTA

Perpetua Resources Corp. is a development-stage company. The Company operates through mineral exploration in the United States segment. It is primarily engaged in acquiring mining properties with the intention of exploring, evaluating, and placing them into production if warranted. The Company’s principal business is the exploration and, if warranted and subject to receipt of required permitting, redevelopment, restoration and operation of the Stibnite Gold Project in Idaho, the United States. Its Stibnite Gold Project is located in central Idaho, the United States, which lies over 100 miles northeast of Boise, Idaho, over 38 miles east of McCall, Idaho, and approximately 10 miles east of Yellow Pine, Idaho. Its mineral Stibnite Gold Project contains gold, silver, and antimony mineral deposits. It focuses to explore, evaluate, and potentially redevelop three of the deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit.


TSX:PPTA - Post by User

Bullboard Posts
Post by urekaon Sep 10, 2013 12:36pm
197 Views
Post# 21729914

Goal Posts Moved

Goal Posts Moved
My take away from this NR is that Hanger Flats is a Bust and West End is not that far behind it.
It seems that the companies focus may have switched from the gold and antimony to the Financial, Technical and Environmental impacts of the project.
Basically the ozs they got from the Vista Deal Deposit plus the ozs they found from drilling in close proximitry to it will be nearly the only ozs they will put into the study.
Too bad it took about 70 million dollars for them to find this out.
I hope the company does not throw out all the info that they have already on the other senerio because I would think the perameters of the pits will change if the pog goes over 2500 dollars an oz.

I now look for a much much lower cap ex number plus a much higher IRR combined with lower operating costs.

JMHO do your own DD


Bullboard Posts