Comment by GorgeousGeorge1on Nov 22, 2018 12:20pm
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Post# 29010230
RE:RE:RE:RE:Diamond in the Dirt
RE:RE:RE:RE:Diamond in the DirtBe wary, these porphyry deposit are incredibly expensive to explore and mine. To define the deposit they still need to raise a massive amount of cash for drilling and there's no guarantee it will be feasible to mine in a low copper price environment. They need to find a high grade core (>2%Cu) which will support the mining operation as a whole, otherwise they will be one of many massive low grade porphyry deposits around the world that never got past feasibility. Add to that the director paying himself near on 1% of the market cap pa, not a good look. Avoid for now.