Post by
reddog11 on Jul 07, 2022 9:44am
current status
-100 million in infrastructure in place at Bull River
-20 million of ore already mined at Bull River waitng for processing
-First Nations on board
-new loan arrangement in place
-4-5 billion in copper at Thierry
-Thierry startup less than 1/3 of most new mines due to "Brownfield" status
Current SP puts the market cap at about 15-20 million for the company
with all there assets in far excess of the market cap.
Copper and Palladium have been knocked down which is why, I believe, the
junior miners are trading at "we will never need mines again" status.
I cant see more than a penny risk to the downside at current SP. Upside could
easilly be 10x.
Today copper is up $.10and Palladium is up $70.
jmo
RD
Comment by
medford on Jul 11, 2022 5:55pm
If I have learned one thing from punting penny mining stocks it is for every positive that everyone knows about, there are at least 2 negatives that only insiders know about.
Comment by
medford on Jul 14, 2022 12:17pm
And now we all know the 2 negatives.
Comment by
Wayned52 on Jul 15, 2022 11:59am
Prices are not that bad . We are right around the average for the last 5 years . The big run up was over done . That`s why the PEA should use a $3.25 copper price. The problem is there is no long term investing anymore . It`s all follow the herd then scatter like minnows when prices correct .
Comment by
reddog11 on Jul 15, 2022 12:37pm
Wyned, I agree with you. Even $3.00 copper has the ore pile worth more than the market cap. Im fine with Ian waiting, the base metak space has been hit hard and all the juniors are at dismal pricing. Copper is essential in the EV revolution and even in a recession that change to electification will continue. jmo RD