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this answers my question too.. thanks mode .. I'm actually...

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Amnesiac1

565 Posts.

80

02/06/22

13:25

Post #: 61779652
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Originally posted by mode1971: ↑

Copperspots, agreed. What Spq has starts close to the surface and goes down plus 600m.

Based on future copper defects and higher cu prices what spq has is viable to mine already on grade.

The next holes west if same or better should yield a deposit greater than 200m tonnes of minables.

200m deep by 600m x 600m if they replicate and worst case.

If this is the edge of a porphyry next holes should be 2% cu atleast.

Companies like rio will be on the hunt for tonnage, and it maybe right next door to them by the end of this year.

As you say Vale is viable at 0.15% cu, Spq is 0.22% and not even within the richer portion if there theory is correct.

Today's hole proved 600m plus mineral exists. Today's hole would only have been bad if it was barren.

Remember this is an indicator hole and a dam good one.

On the outer zinc exists, in other areas very high gold levels exist.

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this answers my question too.. thanks mode .. I'm actually a bit surprised the market hasn't got a bit more excited over this .. what a find !!

SPQ Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $15.18M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
24	11086669	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	4201204	5

View Market Depth

No.	Vol.	Price($)
24	11086669	0.006
8	5663149	0.005
4	1089475	0.004
1	600000	0.003
2	1800000	0.002

Price($)	Vol.	No.
0.007	4201204	5
0.008	9238651	11
0.009	3786221	4
0.010	2238894	5
0.011	740000	2

Last trade - 16.12pm 06/11/2024 (20 minute delay)

SPQ (ASX) Chart

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