THERE'S BULL RIVER BUT LET'S SCOPE - THUNDER THIERRY Thierry Mine is located in, Pickle Lake On.- It's big, it's beautiful and hosts two deposits.
- 100% owned
- NSR - fully owned
- Underground Mine
- K-1 zone - inferred resource - open pit
- Infastructure onsite
- photo of mine site
https://media.stockhouse.com/embed/bdgkto0fg80bxb0l1s2pexm851/1/large
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COMPARISON COPPER MINE -
RED CHRIS MINE - Golden Triangle
Imperial Meltals sold 70% of thier Red Chris copper gold to NewCrest.
What did Imperial cash out with ?
= $804 million ( Gross )
= $775 million ( walked away with - cash ) after adjustments
And... Imperial still owns a healthy 30% ownership of - RedChris.
Not to oshabby i'd say.
Red Chris M&I Open Pit (3) Sep 2015 310,000,000 0.34 ( Cu ) 0.28 ( Au ) Red Chris M&I Underground (3) Sep 2015 670,000,000 0.40 ( Cu ) 0.46 ( Au ) Red Chris M&I Total (3) Sep 2015 - 980,000,000 0.38 ( Cu ) 0.41 ( Au )
As one can see, there is a total of, 310 million tonnes with copper and gold grades.
Why point out the - open pit - resources and not discuss the underground resources ?
Simply put -
The underground Red Chris Mine has not even been buiilt.
No underground workings.
And evenstil, look what Imperial walked away with and stil lowns 30%.
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THIERRY MINE ( BRAVE HEARTS FLAGSHIP )
- 100% owned
- recently purchased the 2% NSR ( impressive )
- pea recently pressed - 2021
Recent PEA tihs 2021 year -
one would never know a PEA was performed with such a low valaution at present - it's as if, the market has unplugged Braveheart from a rightful valuation.
2021 PEA metrics -
The PEA was independently prepared by P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario under the supervision of Eugene J. Puritch, P.Eng., FEC, CET and previously announced in a press release on January 14, 2021.
PEA indicates a 14-year mine plan based on
4,000 tonne per day underground mining and processing operation.
I LIKE HOW THEY PREDEDUCTED - ( latter figures are actual - prebaked in )
The mine plan assumes the potentially extractable tonnage of Measured, Indicated and Inferred Mineral Resources is diluted by 20% and a 90% mine recovery factor is applied.
UNDERGROUND RESOURCES
Measured and Indicated Mineral Resources represent
8,131,000 tonnes at 1.46% Cu, 0.18% Ni and 3.7 g/t Ag.
Inferred Mineral Resources represent
11,507,000 tonnes at 1.46% Cu, 0.15% Ni and 6.1 g/t Ag. Palladium, platinum and gold do not make material contributions to metal revenues.
K - 1 OPEN PIT -
The Thierry Project also contains a near surface current Inferred Mineral Resource
K1-1 Deposit of 53,614,000 tonnes at a grade of 0.38% Cu and 0.10% Ni.
Lesser amounts of palladium, platinum, gold and silver occur. The PEA recommends further diamond drilling from surface to expand the current K1-1 Mineral Resource and potentially increase the level of confidence of the Inferred Mineral Resource into either a Measured or Indicated Mineral Resources classification.
The PEA references several historical drill holes from a 2011 drilling program
by Cadillac Ventures.
K11-26 with 806 feet of mineralized material grading 0.37% Cu and 0.09% Ni and
K11-28 with 825 feet of mineralized material grading 0.40% Cu and 0.10% Ni.
( WANGO )
Stop and really think about these exceptionally long intercepts - 800 ft plus.
How would another junior be precieved if they drilled over 800 ft of copper ?
Now... i hope Braveheart doesn't over do it - i can see a few holes tapping the K - 1
to confirm these historical drills - and with their PEA in hand - this should be sufficient to
dangle away - looking for a few lurking interests -
Tap a few holes -confirm the historical intercept lengths and grades and park it
Make it look real prudy like... perhaps even , spin it out so, this larger project doesn't
impede on the Bull or Alpine valuation - if a lurking interest has taken a liken, then, all
3 projects could see resistnece in price because of the one select interest is grouped
amongst the three projects -
I truly think this porjects is beyond - undervalued.
Between asset wealth and mineral wealth and 100% ownership and PEA/s and NSR's
What the hell gives - maybe something will break the levy in Aug and this stock will see
it's rightful valuation.
PUT INTO PERSPECTIVE - UNDERGROUND MINE - ONLY - PIT NOT INCLUDED
Life of mine ("LOM") processing recovers 880,000 tonnes of copper concentrate at 30% Cu. In addition, 157,000 tonnes of nickel concentrate at 8% Ni are recovered resulting in 567,000,000 lbs of payable Cu and 21,000,000 lbs of payable Ni plus minor amounts of silver, palladium, platinum and gold.
I found Braveheart to be really conservative in thier PEA -
Copper + NIcke lprices are far higher than figures used.
Even a reduction on mineral reosurce size reduced by 20% - that's reallt conservartive.
If one isolates just the nickel - 21 / million pounds
Nickel is presently trading at- %8.97 pound
= you do the math.... yeah, mega bucks just with the nickel credits.
Keep in mind this is just the underground - mine.
K -1 open pit -
my own figures calculated 2x the copper resource than the underground.
HERE'S THE PEA REPORT - THIERRY
https://ceo.ca/@newsfile/braveheart-files-pea-for-thierry-mine-project
My posts are not investment advice.
Simply - crunching and comparing.
Literally, stunned at the numerous offerings Braveheart has in it's clutch, and left in
wonderment as to why the valuation does not correlate with it's minerals + assests.
If i purchase more stock,
i just don't want ot see any - games - whereas the junior is held down.
Seen enough of that in other stocks..
Cheers...