Finally someone to talk to, thanks @Birdman73 haha! I haven't...

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frader

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13/05/24

12:43

Post #: 73795892
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Originally posted by Birdman73: ↑

Hi frader. It's a bit of a one sided conversation you are having here haha.
I've been involved in this company since before it went public. And to be honest, Its been a "bottom draw investment". I got given some info back in 2019 ( see below) that stated there was approximately 400 thousand ton of untreated, stockpiled ore onsite at Dianne. I have been unable to find where this has been mentioned in any of the announcements. I'm assuming that they would be targeting this stockpile first for the leaching process. Have you seen this mentioned anywhere?

Ofparticular note: There is significant untreated ore stockpiled on thetenement. This stockpile requires no mining and ranges in grade from 4-6%copper (i.e. high copper content) that is waiting to be processed by thismeans. It is a near-term pathway to low-cost, high-margin revenues andcould be operational in just a few months. There is sufficient stockpiledore to last years into the future. The quantum of this stockpile isestimated at 400k tonnes which would have a current market value of >A$120mat 4% copper.

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Finally someone to talk to, thanks @Birdman73 haha!

I haven't seen this mentioned directly, however, i believe the current JORC resource for 18,000T copper is the "at surface" material you might be referring to. The cu grade is lower (~1%) and material tonnage is higher however i believe this is why management can see this getting to market in the next 12 months with minimal processing... Interesting that note above mentions $120mil... that would be closer to $250mil value now...

RRR Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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