LORD COPPER I'll place my angst off to the side - yes, the red cliff resource should be their main focus before
entertaining anything else.
Having said that - let's take a look at this - Lord Wonder.
Suppose they did kepe the Lord - what exactly are the drills speaking ?
- shallow intercepts
- perhaps shale or sedimentry copper formation ?
- 27m depths
What would a drill campaign look like if, decade chased this horizon ?
1,500 m ~ 30m holes
= 50 holes
The size of this horizon is presumed to be -
1,200m long x 200m - 300m wide and the depth so far - is extremely shallow.
Juniors best dream - being so near surface.
HYPOTHETICAL ? ( in a perfect world ) lol
1,200m x 200m x 2m intercepts x 2.8 ore weight
= 1,344,000 tonnes
x 1% averaging copper.
= 13,440 tonnes of copper
x 2200 pounds ( copper is priced per pound )
= 29,568,000 pounds ( hypothetical )
x $4.29 per pound
= $126,846,720 - million usd ( only example - supposing horizon was consistent throughout )
Now - tack on gold values
What would it do to the copper values with an equivelant ?
Coppr + Gold values
= Increases the EQ
So... that's my take on the Lord.
But... i'd prefer the red cliff resource assembled.
Then.. .attack Del + Lord.
othewrwise the junior is leaving itself wide open.
Perhaps the stock over reacted.
Investors need to replace thier gold caps for copper.
To see the copper potential.
And - well.. copper is ahot market right now.
Peraps we'll see a repair ot the stock...
Once the shareholders ( even mysefl - lol ) reason out the copper potential.
And... .extremely shallow.
Cheers....