APLINE GOLD vs BULL RIVER COPPERThe irony here is,
Apline's 142,000 - 158,000 gold ounces is worth more than Bull;s copper.
ALPINE
150,000 oz x $2160 spot gold ( cdn )
= $324,000,000
Suppose Alpine has an AISC cost of, $750 - $2,160 spot gold
= $1,410 net
X 150,000 oz
= $211,500,000 cdn
if one refers to my former post and if thsoe Bull Rilver contract figures are at all accurate -
it would mean - Apline has far more wroth.
Alpiine is far easierr to spark up,
Running a 400/t per day operation - ship ores to Bull River,
2 yr operation = serious cash flow.
400 tonnes would be a really nice operation that provides
junior with the cashflow while making a shareholder smile.
ALPINE RESOURCE SIZE
https://braveheartresources.com/news/braveheart-announces-a-resource-estimate-for-alpine-mine-property-near-nelson-bc/
Small pointer for Bull River ores....
I would take a second take on the ocean contract and consider the potential credits of,
cobalite and carbon black, and just basic run of mill rock ores.
One has ot wonder what China or other does with the waaste ores when a 25% con is sold.
25% copper metals and ( 1.760 pounds of waste ore )
Talk about a remedy to rid of waste ores and tailings pikes. ( wink )
I wonder how the 25% copper con is calculated.
If one uses 2000 lb tonne and multiplies 25% copper from the 2200
= 550 lbs copper
Or... of one yses 1760 pounds and tacks on 25% = 2200 lbs tonne
= 440 lbs copper
Yeah.. two ways of looking at this copper concentrate - al lthe more reason to know
how this 25% con is calculated.
Also... i just noticed the ocean contract was altered.
went from wet tonne to dry tonne... was this alteration after the draw of credit ?
lol
All Braveheart had ot do was,
focus on Alpine and use Bul lRiver;s facility to mill and process ores.
Would have averted the ocean contract and credit draw.
With a potential of 211/million cashflow - cdn
Braveheart would have the funds ot unlock - Bull and Thierry.
At least.... sparkign upo one of the copper mines all on own.
Cheers...
Yup... open the ocean contract - let's see if there's provisons for the cobalite or, carbon black or just basic ores that perhaps another countrry who smelts this copper would use for infastructure buildings - fon't kid yourself,,,, some coountries literally drai nthe oceans beach sands to build sky scrapers. These waste ores could have value - just not spoken aobut.