Post by
Migo22 on May 17, 2021 10:46am
News release
Do i miss something regarding this news release? How come the market reacts in this matter while assets like gold and copper have seen such a nice run up. This is the kinda news we normally need to put us on the radar right!? Frustrating the stock reacts like this again
Comment by
uggg on May 17, 2021 3:11pm
Stockhouse didn't pick up the news release for whatever reason. Also copper is quoted in tons @ grade [& has to be further calculated] rather than lbs & most people think in lbs. In this market people don't have a long attention span or want to do any calculations. Company should have used a clear total lbs resource.
Comment by
hornets on May 17, 2021 4:28pm
At the higher cutoff, 1.25/tonne the GMV of the deposit is $ 1B. Using the lower cutoff, .65 the it is $1.6B Add in Kwankia uggg their update presentation breaks it out 350M lbs of copper equivalent of which 96% is recoverable. A great start pit if you will to increase the IRR and payback
Comment by
hornets on May 17, 2021 4:40pm
Ugg correct me if I am wrong but I believe Kwanika had 2B pounds of Copper add another 350 M at $.10 a pound the should see a MC of over $200M while we trade at MC of 100M so a at least a double from here.