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2.7¢ stavely minerals limited

Ann: Another Outstanding High-Grade Copper-Gold Intercept, page-13

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Drum in sync

2,794 Posts.

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27/04/22

11:53

Post #: 61041778
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Originally posted by Maccajohn: ↑

Some highlights of the interview

- mentioned a 5 yr mine life for the OC ( down from 7 years he used in past)o
- $200m to $300m capital cost
- multi decade UG mine life
- Waiting on assay results for regional drilling
- deep drilling at Stavley project will be done just to show how extensive the deposit is not to mineable stage. The next phase of drilling will be a substantial program to define the deeper mineralisation which will include deeper drilling at the Ararat project
- 75% through regional drilling program - trying to establish if there is a potential big deposit
- they are proceeding as if they will develop a mine rather than assuming they will be taken over
- 2.5 to 4 yrs to do permitting
- no mention of doing any further drilling for the porphyry

Expand

you forgot the "Apple Polish" Used Car analogy ...

not verbatim but...

We need to get all the details exact and thorough so that if a potential buyer looks at our used car they will not walk away instead they might make an acceptable offer....

D Y O R

PS sadly the chinese have been hit with major covid issues putting downward pressure on commodities Copper is only US$9,780 p/t

Last edited by Drum in sync: 27/04/22

SVY Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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