OTCQX:DMMIF - Post by User
Post by
merlin991on Sep 21, 2019 12:46pm
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Post# 30151518
Copper Duke Value
Copper Duke Value"COPPER: Anything over 100 metres and 1% copper equivalent or better is considered to be high-grade. For example, Serengeti Resources announced 119.6 metres of 0.9% copper equivalent (copper plus gold values added together) at depths from 180 to 300 metres. The stock then increased from $0.30 to $1.50 after those drilling results were reported."
We had 120metres of .362g/ton gold and .38%Copper which in todays value is around $38 per ton. This is just initial early trenching but open pit costs are perhaps $10/ton. Ore value of $20 per ton is considered very good.
This gives an idea of why Copper Duke has such great value. It is a huge area with enormous potential. This is a big reason why Titan and BOD4 wanted to scoot away with Core Gold to down under.
Well given their paltry potential offer Titan can't compete with the big guys who are now in the data room and need to make a decision by mid October.
By the way just put those noisy alley cats on ignore.