Ann: Assays Confirm Thick Intervals of Copper at Storm, page-47

Good point about the nearby smelters, this is certainly an advantage.

But zinc is still tough. I did a tour at Century zinc a few years back. They were mining a high grade resource, something like 12% Zinc plus 4% lead and some silver credits from a low cost open cut. Very high grade. Despite having a great deposit, Pasminco went broke. Then Oz Minerals merged in the Century deposit which almost sent them broke as well, causing them to fire sale all of their their assets except Prominent Hill to MMG.

Kagara had several some pretty high grade Zinc lead mines too but they went broke. Auctus, backed by denham capital pumped $260 million into the Kagara assets, but still went broke. Then another private company took them over and is looking crook now.

CBH at broken hill practically went bust, diluting their share price to nothing and they had some really high grades at Endevour in the pillars of the best silver lead zinc deposit ever found. They were bailed out by their biggest foreign shareholder, retail investors got nothing.

Perilya at Broken hill went bust and were bailed out in a fire sale, shareholders got nothing. They also had high grades.

It’s a long list of broken dreams. There might be some lessons there.

Just saying.