So I wonder...how many shares are required to retire if we got...

First 9 Last

Share
Profile

Follow
CaptainTony

3,245 Posts.

905

31/05/18

15:29

Post #: 33408844
Share

Originally posted by Sand Stone ↑

SVY had contended prior to drilling in 2013 that the belt had fertile rich porphyry style mineralisation and this has been conclusively demonstrated following their consecutive drill strikes in late 2017 and early 2018. The analogy of Cadia (and even to an extend North Parkes copper-gold mines in Central NSW) has been suggested for a long time now.

Put this into perspective, Cadia's former ore reserve of ~0.28% copper and ~0.54g/gold (narrow but higher grades) were given greater significance because although small numbers it was still economically feasible for their team to produce. the gold-copper project at Cadia produced negative cash cost due to copper production which paid for mining and processing whilst retained gold was profit. Unfortunately, a large segment of inexperienced retailers fail to respect the intricacies of this, and simply demand high gold, high copper, and where is porphyry (hence the soap-opera dramatic swing trades).

Even with the high grade gold-copper found at such shallow depths at SVY, they already have an underlying asset base attractive to investors potentially looking to extract. So what we have here, a 100% owned Stavely Copper-Gold belt with fertile copper-gold rich porphyry style mineralisation with an underlying asset palatable to prospective investors. Either way, it is a win-win for current and prospective holders.

Investors preach volatility and risk with regards to speculative stocks. SVY is regarded as speculative. However, it is by far one of my most calculated and risk averse investments I have ever had the pleasure of being apart of:

We either strike the porphyry (and comfortably retire), or we fail to strike a porphyry or drills of massive significance, but have the back-up of an underlying asset to be sold (which will render a pay-day in itself).

The real significance of SVY's numbers at such shallow depths is made clear when combined Greg Corbett's sentiments, who has indicated early on in the piece (in addition to his recent works) that the type of alterations and interactions found in the rocks are at the top of a gold rich porphyry system. Now down towards the core of this system, we have systemically seen stronger copper and gold grades.

Hold tight and appreciate this operation for what it is - pre-Cadia, pre-Uber, pre-Facebook, pre-Google, pre-Bitcoin!

Kind Regards

Sandstone
DYOR | IMO

Expand

So I wonder...how many shares are required to retire if we got that porphery...hmmm

43m MC now

Is it a Disallowed? 50 bagger? 100 bagger?

I have no idea what it would be worth. Newcrest is 7.6b MC with the 6 mines.. so TG has to be worth 1 billion+ if we hit a porphory.

That's 23+ bags. Can't retire on that with my shares so better buy more!

SVY Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AKO

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

RCE

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

EXR

Elixir winds up QLD operations with five of six zones flowing gas – but shares plummet -50%

DRO

Droneshield shares move up on $13.5M US govt contract

There are more pages in this discussion • 107 more messages in this thread...

First 9 Last

Add SVY (ASX) to my watchlist

(20min delay)
Last 3.4¢		Change -0.002(5.56%)		Mkt cap ! $16.37M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.4¢	$33.29K	959.0K

Buyers (Bids)

No.	Vol.	Price($)
5	383923	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	508938	6

View Market Depth

No.	Vol.	Price($)
5	383923	0.034
4	304650	0.033
2	1312499	0.032
2	150000	0.031
3	225000	0.030

Price($)	Vol.	No.
0.035	508938	6
0.036	112836	2
0.037	1114444	3
0.038	931080	4
0.039	1319229	4

Last trade - 11.20am 08/10/2024 (20 minute delay)

SVY (ASX) Chart

So I wonder...how many shares are required to retire if we got...

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

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

Elixir winds up QLD operations with five of six zones flowing gas – but shares plummet -50%

Droneshield shares move up on $13.5M US govt contract

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

So I wonder...how many shares are required to retire if we got...

Top Stories

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

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

Elixir winds up QLD operations with five of six zones flowing gas – but shares plummet -50%

Droneshield shares move up on $13.5M US govt contract

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News