Ann: High Grade Copper and Molybdenum Results From Lana Corina, page-14

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RayMc

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16/01/23

12:33

Post #: 65711384
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Originally posted by wenty: ↑

with all resources you reach a point where the depth becomes too deep to be economical. Lana Corina is quite vertical, where at the moment mineralisation looks like it starts at about 120m. Which means 120m of overburden needs to be moved out first. So this will create a higher strip ratio and therefore an increase in mining costs.

the high grade Cu looks to be between 120m - 500m, with lower grade Cu and decent grade moly following that. With a combination of open pit and underground mining (like what Cxo is doing) I think CPO can get a lot of the ore out.

I am a long term Cxo holder and I can tell you that CXO’s 3 main deposits (grants, bp33 and Carlton’s) are shaped much like Lana corina: vertical and deep, with a high strip ratio. But due to lithium demand it is economical for Cxo to go mining.
With an incoming copper shortage, I feel it will be the same story for CPO. But what CPO has going for it is Lana corina is shaping up to be massive. MD said he believes it could be between 50MT and 100MT resource.

In todays ann he talked about a multi-million deposit. 2 million tonne at $13,000/t is $26 billion dollars worth of copper. For me that’s enough to be in an $8mil MC spec. And then of course CPO is planning to drill 3 holes in our other project which has over 10km or prospective strike. Never been drilled before. That could be anything!

with Cu and moly prices rising, all CPO needs to do is keep drilling, keep exploring, and come out with a maiden jorc for Lana corina so that the market can understand just how big this thing is. I think of CPO as HCH’s little brother haha.

IMO

GLTAH

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Thanks for the reply Wendy, appreciate it. I’m a former holder of HCH myself and that’s what drew me to CPO. The grades are certainly pretty good, but obviously market response has been average to say the least. Certainly seems well worth the risk at such a measly market cap. Let’s hope they can continue with the grades and hopefully a couple closer to surface.

CPO Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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