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Cerro De Pasco Resources Inc C.CDPR

Alternate Symbol(s):  GPPRF

Cerro de Pasco Resources Inc. is a Canada-based company, which is focused on the development of its principal 100% owned asset, the El Metalurgista mining concession, comprising silver-rich mineral tailings and stockpiles extracted from the Cerro de Pasco open pit mine in Central Peru. The Company’s approach at El Metalurgista entails the reprocessing and environmental remediation of mining waste and the creation of numerous opportunities in a circular economy. The El Metalurgista mining concession (95.74 hectares (ha)) incorporates mineral rights covering 57 ha of the Quiulacocha Tailings Storage Facility (TSF). Its Quiulacocha is a large TSF (surface area 114 ha) located to the south-west of the Raul Rojas pit. It also holds a 100% interest in the El Metalurgista mining concession (95.74 ha) incorporating mineral rights covering approximately 35 ha of the Excelsior Stockpile. The Excelsior Stockpile covers a surface area of 67.92 ha and contains over 70 metric tons of broken rock.


CSE:CDPR - Post by User

Comment by BueBoyon Oct 29, 2024 9:34am
93 Views
Post# 36286523

RE:RE:RE:RE:Buddy ERIC the Great continues to pile in!

RE:RE:RE:RE:Buddy ERIC the Great continues to pile in!A little surprised at the timing of this offering with what are expected to be good results from the other 39 drill holes imminent.

Glencore is paying for the current drilling round and with the recent placing to Sprott I thought they would have enough funds to get to the further drilling in Q2 2025 without more dilution - by which time hopefully the share price would be even higher. From that on to to 43-101. 

As referrenced before they could have also looked to accelerate older warrants if the share price did get to 60c. 
 
I know management is aware of concerns from shareholder about more dilution so let's see how things pan out. At least it's only half a warrant tagged on this time.
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