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Bullboard - Stock Discussion Forum Hana Mining Ltd HNMFF

GREY:HNMFF - Post Discussion

Hana Mining Ltd > New to HMG
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Post by water4life on Mar 04, 2010 2:34pm

New to HMG

Hi All
Can someone tell me what are considered good grades for copper exploration. Where is the cutoff where the grades become unprofitable? It seems like HMG has a huge discovery but is it really low grade thus unprofitable? Why is the share price not reacting to these results? What are the prospects for this company?
I would appreciate any insight that any of you might have!!!
Comment by Popeye82 on Mar 04, 2010 3:23pm
This post has been removed in accordance with Community Policy
Comment by water4life on Mar 04, 2010 3:42pm
I was not saying it is a low grade company. I was just asking what differentiates a high grade discovery from a low grade discovery? I am a shareholder and am just trying to ask a few questions of some of those who are more conversant with copper mining than I am. I thought that was what these boards where for??
Comment by Phinancier on Mar 04, 2010 4:38pm
"I thought that was what these boards where for??"Nope. The purpose of these boards is to allow Internet tough guys to hide behind their anonymity and post things they would never say to anyone's face..But, in answer to your question....At these copper prices, anything above 1% is pretty high grade. Historically, very large copper projects of around 0.5% to 0.7% have bordered on the ...more  
Comment by water4life on Mar 04, 2010 7:22pm
Thanks Phinancier, That answers my question precisely!!
Comment by greener12345 on Mar 04, 2010 8:07pm
it continually pulls high grades and the property is hugei dont like juniors anymore--hana is the exception......
Comment by Popeye82 on Mar 04, 2010 10:43pm
This post has been removed in accordance with Community Policy
Comment by Phinancier on Mar 04, 2010 11:00pm
Sorry, Popeye. I misunderstood that you misunderstood. I've seen people ask honest questions on these and other boards, and get trashed by board bullies. Obviously, that wasn't your intent after all.
Comment by water4life on Mar 05, 2010 12:31am
Thanks to you too Popeye. No harm no foul. I actualy work in Africa so I am familiar with the riches that lay unexploited on that continent. I try to direct my investments towards Africa as I feel investment (rather than aide) is the only way to bring up the standard of living in this rich and wonderful contenent. I just want to do due diligence on the companies that i invest in . I think it ...more  
Comment by Popeye82 on Mar 05, 2010 12:49am
This post has been removed in accordance with Community Policy
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