Apparently market not happy with it today?

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Johnnyknowsbest

481 Posts.

13/06/17

11:32

Post #: 25242114
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Originally posted by bevter ↑

Highlights • Independent Scoping Study highlights the positive economics across an array of sensitivities for the Berenguela Project. • Average operating cash cost is estimated at approximately US$1.72/lb. (sensitivity (+/- 35% range)) of Copper. • Development capital expenditure is estimated at approximately US$165M, (sensitivity (+/- 35% range)). • The Scoping Study outcomes are based on an 11 year Life of Mine (LOM) and an estimated 1.6 million tonne per annum mine and processing facility. 72% Indicated and 28% Inferred Resources (JORC Code (2012)). • Positive results from Scoping Study supports Valor’s decision to proceed with the next phase drilling, metallurgical testing and subsequently proceed to Pre-Feasibility Study. Valor is now accelerating the development of a Preliminary Feasability Study (“PFS”). • The Berenguela Project contains 21.6 Mt of JORC Code (2012) compliant Mineral Resources with 0.87% Cu and 126.4 g/t Ag at a cut off of 50 g/t Ag. This includes an Indicated Resource of 15.6 Mt with 0.92% Cu and 132.0 g/t Ag and Inferred Resource of 6.0 Mt with 0.74% Cu and 111.7 g/t Ag1. 1 For further details on the Mineral Resources, please refer to Valor’s ASX announcements dated 13 February 2017 and 10 March 2017. Valor confirms that it is not aware of any new information or data that materially affects the information included in its ASX announcements dated 13 February 2017 and 10 March 2017.

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Apparently market not happy with it today?

VAL Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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Apparently market not happy with it today?

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