Post by
Richiechile on May 03, 2024 2:51am
Stage is set
Last night, Capstone are reporting first sales of concentrate from Mantoverde Develolment Project in Q2 2024 with ramp-up to nameplate in Q3 2024. Mantoverde Develomment Project is transformational for Capstone so great to see the project remains on track. At the same time Mantos Blancos produced less than 2,000t of cathode for Q1 at a cash cost of $3.38/lb. Mantos Blancos has a 50,000ktpa SX-EW plant within PLS pumping distance of Marimaca. In mining terms it could not be easier. Then add that Mitsubishi has 30% ownership of Mantoverde Development project and is an equity investor in Marimaca. If there is a positive response to Marimaca permitting (shorter DIA route) and DFS from Ausenco later this year with continued copper price strength surely something will happen? But there are lots of other companies that should be jumping all over Marimaca as a standalone project (Ero, Hudbay, Sandfire, Antofagasta, end users). Marimaca management and board need to keep delivering (permitting, DFS and get the exploration drill rig working). This is not the time for Marimaca board navel gazing, strategic reviews and going slow.
Comment by
Woodman601 on May 10, 2024 3:37pm
CAPSTONE COPPER CORP. (CA:CS) Last 10.79 Change +0.23 | +2.18% Bid (size) 10.77 (2,800) Ask (size) 10.79 (3,000) Volume 1,540,258 Open 10.73 High 10.88 Low 10.65 as of 15:36:10 ET May 10, 2024
Comment by
Hiezenberg on May 11, 2024 8:12pm
What's the link between Capstone and Marimaca? Curious as to why you are posting data on Capstone... I thought there was something there, but someone on this board once told be otherwise. Maybe you can clarify or shed some light on that? Thanks :)
Comment by
Woodman601 on May 11, 2024 10:45pm
Heisenberg, read Richiechilie's post. Stage is set. No garuntee anything is or will happen between the two companies but does seem like a good fit.