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I think that you are almost totally right but i do have a...

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Agent Cooper

4,654 Posts.

1

10/02/17

20:42

Post #: 22531415
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Originally posted by arsenic ↑

Wasn't that to prove up a resources to BFS standard with an NPV of $240m or so.
Or was it to position the Co for an equivalent level or more of resources from targeting a tier 1 copper porphyry?

It's my understanding that it's relatively rare that drilling is wasted even if it misses mineralisation as a negative result serves to provide information as to where economic mineralisation might be. At least that was my understanding of mineral exploration.

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I think that you are almost totally right but i do have a problem with just how MUCH they ended up doing. i think tgey did much more than needed, especially Alice...and now he wants to do even more....yet tells us nothing about how negotiations are going with CMP re the option. Its very poor and he has a very thin skin does our man.

HCH Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
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