First Quantum Minerals Ltd T.FM

Alternate Symbol(s): FQVLF

Metals & Mining Copper

First Quantum Minerals Ltd. is a Canada-based global copper company. The Company produces copper in the form of concentrate, cathode and anode and has inventories of nickel, gold and cobalt. It is engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. The Company's operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Its development projects include Enterprise, Haquira, Taca Taca and La Granja. Its operating segments include Cobre Panama, Kansanshi, Trident and Ravensthorpe. The Cobre Panama project comprises a series of copper porphyry deposits with main deposits, such as Balboa, Botija, Colina and Valle Grande. The Trident segment includes the Sentinel copper mine and the Enterprise Nickel development project. Its Ravensthorpe Nickel Operation is an open pit mine and primary processing plant located in the southwest of Western Australia.

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First Quantum Minerals Ltd

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Post by PennyStackon Feb 17, 2016 1:53pm

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Post# 24567123

Gold Miners Starting to Surface on Radar soon to Shine

DMM is Set Up for a PARABOLIC MOVE..Sitting on 6 Million OZ of High Grade Gold....47 Million Shares O/S

Bob Washer recently converted a majority of the promissory notes he loaned to the company over the past couple of years into shares at $0.45. He now controls just over 28% of the outstanding shares of the company.

Why would he add risk to his holdings by taking shares instead of just holding the promissory notes which were secured against certain assets of the company, unless he was quite certain about the company's viability and its ability to finally start hitting guidance numbers in the near term ?

He Knows DMM will be Hitting Higher Grades and Upcoming Quarters will Reveal this. Now that Gold is Rising.....Hold your Shares Tight !

ZAMURA 1.1M oz avg 13.01 g/t. M&I - Very High Grade

The construction of the Zaruma Gold Plant has been completed and is in intermittent operation
Mine development has advanced so that the Zaruma Gold Project in in commercial production
Measured and Indicated Gold resource of 1,094,000 oz at an average grade of 13.01 g/t
Inferred Gold resource of 1,448,000 oz at an average grade of 12.16 g/t
Base Case PEA for the Zaruma Gold Project estimate:
- a 15 year mine life
- total operating revenue of $1,460 million
- total EBITA of $683 million
- net after tax cash flow of $441 million
- after tax Net Present Value of $218 million

The Zaruma-Portovelo Mining District is a major, high-grade goldfield, having produced over 5 million ozs of gold in the past. Modern mining was initiated in 1905, when the South American Development Company developed the Portovelo mine, and ended in the 1950s. Dynasty has been able to reassemble most of the concessions that made up the original goldfield.

Estimated mineral resources at the Zaruma Project as contained in the Zaruma Report are as follows:

TOTAL MINERAL RESOURCES CONTAINED IN ZARUMA PROJECT

	Measured			Indicated			Inferred
Location	Tonnes (million)	Grade Au (g/t)	Contained Au (Ozs)	Tonnes (million)	Grade Au (g/t)	Contained Au (Ozs)	Tonnes (million)	Grade Au (g/t)	Contained Au (Ozs)
Cabo de Hornos	1.30	13.99	585,000	0.86	12.46	343,000	3.0	12.30	1,201,000
Barbasco	0.19	11.05	66,000	0.09	10.81	33,000	0.3	12.13	128,000
Ayapamba	0.07	12.64	30,000	0.06	11.63	23,000	0.2	12.40	96,000
Vizcaya	0.03	8.40	8,000	0.02	8.40	6,000	0.1	8.40	23,000

Total	1.59	13.48	689,000	1.03	12.18	405,000	3.7	12.2	1,448,000