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Bullboard - Stock Discussion Forum Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises... see more

TSX:ATCU - Post Discussion

Alta Copper Corp > Not long until the expected drilling permits
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Post by nizza on May 27, 2024 1:21am

Not long until the expected drilling permits

I think this might be an important point that horseewithnoname raises.

The drilling permits signal, on the one hand, that the expected increase in resources is finally getting closer and, on the other hand, the acceptance of the community.

And the last is indeed a very important signal that could create enormous trust.

There is no doubt in my mind that the government supports it.

And only when drilling can new resources be discovered.

In my opinion, Sur can be expected to double from 2.2 to 4.4 MRD p Cu, Verde is promising and good for surprises, but should at least reach the level of Sur.

This means that the current resource of 16.6 MRD p Cu could be expanded by a further 6.6 MRD p Cu.

That would correspond to a whopping expansion of 40%.

If I understand correctly, drilling permits are expected in the last third of Q3, so in about 3 months.


That won't be long now.

Comment by horsewithnoname on May 27, 2024 2:08am
I believe that any addtional resource delineation with have a minor impact compared to moving forward with the feasibility study based on current mining capacitiy. Additional resources most likely add only to the lifetime of the mine but not so much to the NPV as the depreciation will take away a lot. So in my opinion, moving forward in the FS based on the current PEA and some improvements from ...more  
Comment by ForesstGump on May 27, 2024 3:30pm
Drill within a few months.
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