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Ann: Major Extension At Mount Hope Central - 36m @ 2.2% Cu, page-28

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Lombard1

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16/03/23

13:30

Post #: 66801867
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Originally posted by Maverick7: ↑

"This will be mined, make no mistake! Can't say when or by whom."
Lol, GF back to his usual FOMO inducing tricks.
Remember him saying the same thing about ND over a year ago, comparing it to Ernest Henry, etc. after only a few drill holes and look what's transpired since. ND looks like a monumental flop compared to all the hype that GF and the directors were pumping. Its now their lowest priority project, have ceased drilling, and still refuse to display a long-section despite having had the doing the most drilling of any of their projects.

WRT to MT Hope Central, GF promising (again) a mine so lets analyse in more detail.
There has been no infill drilling near or around today's intercept so continuity of mineralisation and tonnages are unknown.
No credible geo would be willing or able to make such a statement at this early stage.

Note the yellow line which I have overlayed (over the original faint black line) shows that the majority of mineralisation sits within this envelope, and note the word "transitional" meaning that this material is to some extent weathered/oxidized. When base metals are oxidized recoveries by standard sulphide flotation are usually poor and alternative processing methods are required and are usually more complex.
There have been no metallurgical results published from this zone and if recoveries are poor the prospect of an open-pit becomes significantly more challenging. In this case an under-ground mine would be the preferred/only option, however reserves will need to be defined and mined from outside of the transitional zone starting from relatively deep which would mean no cashflow from an open pit, and likely more expensive capital and mining costs due to the depth.
Cheers

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I have no problem with you posting alternative views on CNB mate but it can be done without having to do personal attacks on someone else's opinion.

CNB Price at posting: $1.03 Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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Ann: Major Extension At Mount Hope Central - 36m @ 2.2% Cu, page-28

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Ann: Major Extension At Mount Hope Central - 36m @ 2.2% Cu, page-28

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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