Post by
copperminer on Dec 15, 2020 10:13pm
Hanging Tight
MS has it figured out. IMO the Florence is a done deal, only the details to be announced of who, what, and why, and the best direction we go. At steady $3.50 copper, the Floence worth around $1 Billion. Every .50 cents on copper rise seems to add about $320M
So saying the above, the Florence is bagged and tagged, copper is way up, Gibraltar is on LOM production. We will do well, can't be hurt.
But the big one right now is the continuing talks at the NP, extended for 12 months. I can't give up one share until a final decision is reached, one way or another. My gut tells me that it is NP time, we will see
So the talks take place over the next 12 months, all the while the Florence should be on mine build, with percolation solution returning to plant 90 days after injection. Looks like 56,000 lbs copper per month from the first well pod. This figure proved by the test well success of 1,000,000 LBS over 18 months
Comment by
JCSunsfan on Dec 15, 2020 10:25pm
Np is a lottery ticket. Big return, very low odds.