Prior roles include senior positions with Mitsui & Co, Rio Tinto, Glencore and FortescueMetals Group.

Mitsui has been mentioned as a possible offtake partner at some meetings I have attended. Not specifically but just as an example so seeing this potential networking seems worth a comment. Glencore could be interested in a clean concentrate as well.

From other announcements/news $12M at $0.20 which should give them enough cash to get to the next stage or two.

Looks like a BFS by the terms of vesting 50% of options and the other 50% for finance for Mr Hyma.

The board already had a good team to take this towards mining. Adding someone of this caliber makes it even stronger. Getting a mine up and running is not going to be an easy task given the low grade of the deposit. However, the initial studies do indicate the grade may not be a fatal flaw as the other logistical advantages combine to assist the project. Still financing is likely to be a major hurdle.

From The Northern Miner.

Copper Mountain stock plunges on Q3 disappointment, more guidance cuts

Aerial shot of the concentrator building and coarse ore stock pile at the Copper Mountain site. Credit: Copper Mountain Mining.

Posted By: Jackson ChenNovember 9, 2022

Copper Mountain Mining (TSX: CMMC; ASX: C6C) shares plunged on Wednesday following disappointing results released for the third quarter of 2022, which “clearly did not meet” expectations as described by president and CEO Gil Clausen.

Copper Mountain’s stock dropped 13.5% by 11:00 a.m. ET to $1.60 a share, the lowest since early October. Year-to-date, the stock is down over 55%, bringing the company’s market value to about $336.6 million.

During the quarter, Copper Mountain produced 16.5 million lb. of copper equivalent, including 13.2 million lb. of copper plus 6,053 oz. of gold and 64,331 oz. of silver as credits, from its flagship mine in southern B.C. This was noticeably lower compared to last year’s third quarter, in which 22.4 million lb. of copper, 7,449 oz. of gold, and 134,987 oz. of silver were produced.

According to the company, the weaker quarterly production is a result of lower mill feed grade, mill throughput and copper recoveries.

Mill feed grade was 0.24% copper as compared to 0.37% in last year’s third quarter, while copper recovery was 74.4% to 79.7%. Tonnes milled during the most recent period were about 40,000 tonnes lower than the prior-year quarter.

These results highlight the sensitivity of a lower grade deposit to the lower end of its grade. Such variations are probably unavoidable given the vagaries of geology and logistics required to reach better grade ore........................However, a good idea to warn the market in advance, if predictable, even if that is unpalatable.

There are by product credits for Copper Mountain.
Moly and perhaps a smidgen of gold for CVV are possible.