RE:EMIPA - Copper at 1 year highNergy wrote: It would be nice with an update about the progress at EMIPA now when the price of copper is roaring at one year highs.
Yes, so question is, how the FL%K to we light a fire under this company to get moving on the stockpile sitting in a pile totally useless right now.
yes, it's not fruit that is rotting , but it is s Sh&Tload of $$$ just wasting away.
By my cals, and correct me if I'm wrong, and concentrating on the copper alone, they have 2184000 tonnes stockpiled at Don Mario , of which a part is gold , 129,000 oz , and some silver , and a copper content of 41,282.6 tonnes of copper . Now I do a little simple math , take that copper amount, convert it to pounds, and I get just slightly over 91 Million Pounds of Copper .
At almost $3.00 US per lb , that's 270 Million US $$$ sitting in a stockpile , just the Copper part, forget about the Silver and gold component.
Should processing the stockpile not be a priority for this pathetic excuse of a board and majority shareholder Fabulosa ?? Am I out in left field or out of touch here ? Is this not business decisions 101 being ignored ???
Coop
BTW, the values I quote are from Sedar filings and my own calcs based on the numbers , see table 1.2 from the technical report NI 43-101 dated January 27, 2017 on Sedar.com